TORONTO – EMS provider Adeptron Technologies reported first-quarter 2009 sales of approximately $12.6 million, up 29% year-over-year.
 
Net income was approximately $50,000, compared to a net loss of about $600,000 for the same period last year.
 
Gross profit was $1.7 million, up 32% compared to the first quarter of 2008.
 
F. Michael Marti, president and CEO, said the company’s mix of industrial, commercial and educational infrastructure customers has not been “overly affected” by the economic slow down. “This, coupled with the addition of new customer wins, contributed to our first quarter sales approaching very closely the amount of sales recorded in the fourth quarter, [which] typically is our strongest."
 
The company expects second-quarter sales to be similar to the first quarter, and to significantly increase compared to the second quarter of 2008.

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