Adeptron Adapts, Swings to Profit
Published: 14 November 2008
by Mike Buetow
TORONTO – Adeptron Technologies reported third-quarter sales rose 18% over last year to $9.6 million, as the EMS company swung to a net profit of $104,000.
Last year, the EMS company reported a net loss of $1.1 million.
For the period ended Sept. 30, gross margins improved five points to 15.5%, and EBITDA swung to $541,000 from a loss of $514,000.
The higher margins were largely due to the increased sales level, change in customer mix and reduced expenses.
Adeptron reported $43,000 of free cash flow for the September period.
