That compared to $344,000 in net income for last year’s corresponding quarter. The company, whose revenues are still those of reseller SWK Technologies, reported revenue of $14.5 million for the most recently ended period, a 9.7-percent increase from $13.3 million a year ago. In its Form 10-Q for the second quarter, QXI reported SG&A expenses of $5.3 million, more than double the $4.5 million a. year earlier. The company said that stemmed from salary expenses for the new senior management team and the anticipated severance payment former president, Mark Meller, formerly CEO of SilverSun. Software revenue rose 14.5 percent to $3.8 million from $3.3 million while service revenue of $10.8 million was 8.1-percent higher than the nearly $10 million a year ago. Since the investment of $1 billion and takeover by investor Brad Jacobs, QXO has made financial news. It conducted a $3.5-billion private placement in June. In July, the stock price ballooned from the roughly $9.40 per share for the private placement to $290 per share. It then fell to $11.03, which Bloomberg said was closer to the valuation the company had from the investments.