Net losses declined for Nautilus to $164,000 in the second quarter of 2012, down from a loss of $3.26 million in the year-ago period. The net revenues of the American fitness equipment company totaled $39.6 million, an increase of 14 percent. The gross margin improved by 1.5 percentage points to 43.4 percent, compared with 41.9 percent for the same quarter in 2011, primarily due to higher sales of direct-to-consumer sales. The operating margin improved by 6.7 percentage points from the level of the year-ago period.

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