SmartPros Turns Profit

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SmartPros, which provides continuing education for accounting, finance, and engineering professionals, reported net income of $174,000 for the first half ended June 30, a rebound from a loss of $168,000 in last year's corresponding period.

Revenue for the most recent half was $4.6 million, up from $4.2 million a year earlier. The Hawthorne, N.Y.-based company filed the financials as part of its registration for an initial public offering of 900,000 units, each consisting of two shares and one warrant. SmartPros plans to use $6.3 million out of an estimated $7.5 million in proceeds for working capital.

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