MANKATO, MN – Winland Electronics announced first-quarter net sales of $7.2 million, up 1.7% year-over-year.
The company reported a net loss of $125,000, versus a net loss of $380,000 in the first quarter of 2008.
Winland reported operating losses of $65,000 and $569,000 for the quarter and 2008, respectively.
EMS sales for the quarter totaled $6.4 million, up 4% year-over-year. EMS operating income increased to $577,000, up 95% compared to last year.
Net sales for proprietary products totaled $731,000, down 16% year-over-year.
“Customer caution continued to hold back business activity both in our core EMS business and in our proprietary business during the quarter, resulting in under-utilization of our manufacturing capabilities and a modest net loss for the quarter,” said Thomas de Petra, president and CEO of Winland.