News
TORONTO – Adeptron Technologies Corp. reported a third-quarter loss of $1.12 million, including a one-time $460,263 restructuring charge for consolidation of its Markham manufacturing facilities.
San Bruno, CA – Worldwide Manufacturing USA Inc. announced record revenues for the third quarter of nearly $3 million, up 5.8% year-over-year.
This increase was the result of an increase in orders, the company said.
Revenues year-to-date were $8.45 million, up approximately 5% compared to the first nine months of last year.
Net income before tax for the third quarter was $137,553, a decrease of approximately 69%, the engineering firm and contract manufacturer said.
This was the result of an increase in public cost, as well as expenses associated with finding potential acquisitions for the company, Worldwide Manufacturing reported.
Year-to-date net profit before tax was $480,994, a decrease of approximately 15.7%.
Jimmy Wang, CEO of Worldwide, stated, "We continue to focus on acquisition targets as well as internal growth. The trend of record revenues continues."
PHOENIX – EMS provider Suntron Corp. reported net sales of $52.5 million and a net loss of $400,000 for the third quarter of 2007.
The results included charges of $200,000 for stock-based compensation and $100,000 for restructuring expenses.
Gross profit for the third quarter was $4 million, flat with the same period last year, and down 32% sequentially.
"Our focus on working capital management has helped us significantly reduce our bank debt to $6.4 million at the end of the third quarter of 2007," stated Paul Singh, president and CEO.
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