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Article: OTI Reports Nine Months 2002 Results Operating Loss Decreased 63%.
- Article from:
- PR Newswire
- Article date:
- November 27, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OTI , the global provider of contactless smart card technology and product solutions, today announced financial results for the first nine months ended September 30, 2002.
Financial Highlights for the First Nine Months of 2002:
* Operating loss decreased 63% to $2.9 million from $8.0 million for the
same period last year.
* Revenues for the first nine months of 2002 decreased 2% to
$14.0 million from $14.2 million for the same period last year.
* Gross profit for the first nine months of 2002 increased 3% to
$6.6 million from $6.4 million for the same period last year.
* Net loss for the first nine months of 2002 decreased 46% to
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