NEW YORK—In both its second quarter and the first six months of its fiscal year, ended June 30, Emerging Vision (OTC BB: ISEE.OB) had improvements in both total revenues and net income.

In the second quarter, the company—parent of the Sterling Optical and Sight for Sore Eyes retail stores—had consolidated revenues of $18.2 million, up 7.7 percent, according to its 10Q report filed with the Securities and Exchange Commission. Net income in the period was $426,000, compared to a net loss of $64,000 in last year's Q2.

In the first six months of 2010, Emerging Vision had consolidated revenues of $34.5 million, an increase of 10.8 percent. Net income for the half rose to $1.1 million, vs. $160,000 in 2009's first six months.

During that six-month period, the company's franchise segment—representing 123 franchised stores as of June 30—saw its net income rise to just under $2 million, compared to $1.2 million for the segment in last year's first half. Emerging Vision's The Optical Group buying group's net income in the period was $417,000, up from $369,000 in the same period in 2009, while its Combine Buying Group saw its net income rise to $103,000 from $4,000 last year.

Emerging Vision's company-owned stores—six locations, as of June 30—generated a net loss of $28,000, vs. a net loss of $233,000 in 2009's first half.

Glenn Spina, the company's chief executive officer, commented, "I feel we have made tremendous strides in restoring Emerging Vision to a place of prominence in the optical industry. I believe we will continue to build on our successful first half as I believe we still have a great deal of work to accomplish and plenty of room for further improvement. I look to the future of Emerging Vision with high expectations for all segments of our company."