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Article: Hirsch International Reports First Quarter Results.
- Article from:
- Business Wire
- Article date:
- May 15, 2009
CopyrightCOPYRIGHT 2009 Business Wire. 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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Net Loss of $0.29 Cents per Share on Reduced Sales
HAUPPAUGE, N.Y. -- Hirsch International Corp. (NASDAQ: HRSH, http://www.hirschinternational.com) today announced financial results for the first quarter ended March 31, 2009.
For the first quarter of 2009, net sales were $6.8 million, compared to $11.7 million in the first quarter of 2008. Net loss in the first quarter of 2009 was $2.7 million or $0.29 a diluted share as compared to net loss of $0.6 million or $0.07 per diluted share in the first quarter of 2008.
Gross profit for the first quarter of 2009 was $1.6 million, or 24% of net sales, compared to $3.9 million, or 34% of net sales, in ...