VANCOUVER – EMS provider and ODM Northstar Electronics reported third-quarter revenues of $688,228, up nearly 40% year-over-year.
The company cut its quarterly loss 72% to $45,605 over 2006.
Year-to-date revenues were $1.3 million, down 6.3% year-over-year. The company incurred a year-to-date net loss of $454,102, down 9.4% compared to last year.
Northstar provides EMS services and builds sonar technology for security and defense customers. During the quarter, Northstar continued work on two Lockheed Martin contracts. Sales for commercial product were also higher sequentially as result of higher demand in Europe, Northstar reports.
“The increasing contract revenues and increasing product sales resulted in an improvement in overall revenues and a significant reduction in the quarterly loss. We expect to see increasing revenues and an improved bottom line in the ensuing quarters ahead,” CEO Wilson Russell said.
The company cut its quarterly loss 72% to $45,605 over 2006.
Year-to-date revenues were $1.3 million, down 6.3% year-over-year. The company incurred a year-to-date net loss of $454,102, down 9.4% compared to last year.
Northstar provides EMS services and builds sonar technology for security and defense customers. During the quarter, Northstar continued work on two Lockheed Martin contracts. Sales for commercial product were also higher sequentially as result of higher demand in Europe, Northstar reports.
“The increasing contract revenues and increasing product sales resulted in an improvement in overall revenues and a significant reduction in the quarterly loss. We expect to see increasing revenues and an improved bottom line in the ensuing quarters ahead,” CEO Wilson Russell said.
MUNICH – The final tally is in, and the numbers reveal Productronica as – still – the world’s largest electronics manufacturing trade show. Some 1,484 exhibitors from 35 countries attended last week’s show.
RICHARDSON, TX – Telecom ODM TXP Corp. reported third-quarter revenue of $2.7 million, an increase of 61% year-over-year. The net loss was $1.3 million, compared to net income of $2.2 million in 2006. The company's thriving prototype design and assembly business was offset by R&D costs related to its optical network terminal product development.
SCHAUMBURG, IL – Misumi USA Inc. next month will conduct a series of configuration technical seminars aimed to help engineers overcome time and performance pressures typically associated with custom machine builds.
The seminars, titled Designing a Better Machine Faster with the Configurable Component, take place at the Hilton Garden Inn in Cleveland on Dec. 5 and at the Crowne Plaza in Dayton on Dec. 6.
The seminars feature Chris Blaszczyk, manager of product development.
To register, visit www.misumiusa.com/techseminars.aspx.
The seminars, titled Designing a Better Machine Faster with the Configurable Component, take place at the Hilton Garden Inn in Cleveland on Dec. 5 and at the Crowne Plaza in Dayton on Dec. 6.
The seminars feature Chris Blaszczyk, manager of product development.
To register, visit www.misumiusa.com/techseminars.aspx.
PEMBROKE, BERMUDA - Tyco Electronics Ltd. said its fourth-quarter earnings were $256 million, down 31% year-over-year on restructuring and separation costs.
The company said it took $59 million in restructuring charges, compared with $5 million in the fourth quarter last year.
Tyco Electronics also reported a $20 million charge related to the separation from Tyco International.
Revenue rose 11% to $3.62 billion compared to the same period last year. The company attributed its revenue gain to growth in international markets.
For the fiscal year, Tyco Electronics posted a loss of $554 million, compared with a year-ago profit of $1.19 billion.
Revenue for the full year increased 9% to $13.46 billion, the company said.
SAN JOSE, CA – North American-based manufacturers of semiconductor equipment posted $1.23 billion in orders in October and a book-to-bill ratio of 0.83, according to SEMI.
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