$REED Will Post a Profit Tomorrow http://www.sec.gov/Archives/edgar/data/1140215/000101968713004215/reeds_pre14a.htm Pre Earnings Just Released "Gross Profits for the first nine months of 2013 increased 14% to $8.2 million, as compared to $7.1 million in the first nine months of 2012." Q1 2013: $2,535,000 Q2 2013: $2,457,000 $8.2 - $2.535 - $2,457 = $3,208,000 Take out $2.9M for SGA and there you go.