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CirTran's Q3 Sales Drop 12% |
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Written by Mike Buetow
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Monday, 17 November 2008 |
SALT LAKE CITY – CirTran Corp. reported September quarter sales of $3.1 million, down 12% from 2007.
The net loss was $2.3 million, versus net income of $82,898 a year ago. The results include a derivative liability-related loss of $867,138.
CirTran USA and CirTran-Asia, which include the company’s contract assembly operations, dragged down the results, the company said. The decline was mainly attributable to a one-time 2007 order not duplicated in 2008, a decrease in exercise product demand, and a drop in demand for cable assembly and electronic.
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