NELSON, BC -- Pacific Insight Electronics reported fiscal second-quarter revenue rose 4% year-over-year to $16.3 million.

The higher sales were driven by new LED lighting products and systems launched to various customers as well as a positive impact from currency exchange.

The net loss for the period ended Dec. 31 was $300,000, down from net income of $600,000 a year ago. The reduction in net income was the result of significant automotive program launch-related costs and additional investments in human capital to support anticipated revenue growth and new opportunities within the transportation industry.

PI is an supplier of electronics manufacturing services to automotive and commercial vehicle companies.

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