Fortune Industries Inc. (AMEX: FFA), an Indianapolis-based provider of professional employer organization services, said revenue fell 11.7% to $15.0 million in its fiscal second quarter ended Dec. 31, 2009, compared with $17.0 million in the second quarter of last year.

Second-quarter gross margin widened to 21.3% from 19.3%.

Fortune's second-quarter net income was $334,000 compared with a net loss of $158,000 in the year-ago quarter.

Fortune Industries Inc. (AMEX: FFI)
For the fiscal second quarter ended Dec. 31, 2009, compared with the same period in the previous year.
Revenue: $15.0 million, -11.7%
Net income: $334,000 vs. net loss of $158,000