Fortune changed its fiscal year end in 2009 to June 30 from Aug. 31, resulting in a 10-month fiscal year for 2009. The 10 months of 2009 also include revenue from non-PEO businesses that Fortune sold in November 2008.

Gross margin improved to 20.8% in the fiscal year ended June 30, 2010 from 19.0% in the previous period.

Fortune posted net income of $828,000 in its fiscal year ending June 30, 2010, up 85.7% from $446,000 in the 10 months ending June 30, 2009.

Fortune Industries Inc. (AMEX: FFI)
For the fiscal year ended June 30, 2010, compared with the 10 months ended June 30, 2009.
Revenue: $60.7 million, -16.8%
Net income: $828,000, +85.7%