LOS ANGELES—Signature Eyewear, Inc. (OTCBB:SEYE.OB) has reported their financial results for Q2 2009.

The company’s reported net income of $216,000 on net sales of $6.1 million for the quarter ended April 30, 2009, compared to net income of $212,000 on net sales of $6.7 million for the same time in 2008.

According to the company, the net sales declines were due to the deepening global recession “but were benefited by the continued increase in net sales of the company’s largest line, bebe eyewear, and the introduction of Carmen Marc Valvo Eyewear in the spring of 2008 and Michael Stars Eyewear in the second quarter.”

“We believe our excellent earnings results in the quarter reflect the consumer-friendly price structure of our lines and our ability to adapt to the current market conditions,” said Michael Prince, CEO of Signature. “While most companies are not immune from the recession, we are managing our expenses while reducing our inventory and debt in 2009 to combat the tough business environment.”