NELSON, BC – EMS firm Pacific Insight reported fiscal first-quarter sales fell 23% year-over-year to $5.65 million.
Sequentially, sales rose 15% for the period ended Sept. 30.
The loss was $132,000, down from net income of $155,000 in the prior year. The company ended the quarter debt-free.
Although the marketplace is showing signs of recovery, PI's first quarter sales and overall performance continue to be impacted by the economic downturn, the company said.