Suntron Reports Q3 Net Sales of $52.5M
Published: 15 November 2007
by Staff
PHOENIX – EMS provider Suntron Corp. reported net sales of $52.5 million and a net loss of $400,000 for the third quarter of 2007.
The results included charges of $200,000 for stock-based compensation and $100,000 for restructuring expenses.
Gross profit for the third quarter was $4 million, flat with the same period last year, and down 32% sequentially.
"Our focus on working capital management has helped us significantly reduce our bank debt to $6.4 million at the end of the third quarter of 2007," stated Paul Singh, president and CEO.
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