Collegiate Pacific reported that net sales for the fiscal second quarter ended December 31, 2004 increased 461% to $23.8 million from $4.2 million in Q2 last year.

Net income for the period was $581,000, or 6 cents per diluted share, versus a net loss of $203,000, or a loss of 4 cents per diluted share, in fiscal Q2 last year.

>>> Sales jump almost five-fold, but the bottom line result doesn’t come close to matching the gain? When you live in a world with these very low margins, you better sell a lot more…