U-Swirl, Inc. reported unaudited earnings results for the first quarter ended May 31, 2014. For the quarter, the company reported total revenues of $2,501,000 against $1,717,000 for the same period in the last year, increased 46%. Income from operations was $380,000 against $182,000 for the same period in the last year.

Income before income taxes was $377,000 against $168,000 for the same period in the last year. Net income was $377,000 or $0.02 per basic and diluted share against net income of $168,000 or $0.01 per basic and diluted share for the same period in the last year. Non-GAAP, adjusted EBITDA was $812,000 compared to $316,000 a year ago.

For the three months ended May 31, 2014 (first quarter of fiscal year 2015), company-owned frozen yogurt cafés generated $1,478,188 in net sales, an increase of 7% when compared with $1,378,249 in the first quarter of the previous fiscal year. The improvement in Net Sales were due primarily to the closing of underperforming cafés in the prior year combined with the acquisition of additional locations in January 2014. First quarter revenue increased 46% primarily due to the January 2014 acquisitions of three self-serve frozen yogurt franchising companies that more than tripled the number of cafés operated by the company and its franchisees.