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Article: Allied Motion Reports Profit for the Third Quarter Ended September 30, 2009.
- Article from:
- Business Wire
- Article date:
- November 4, 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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DENVER -- Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced it achieved net income for the quarter ended September 30, 2009, of $279,000 or $.04 per diluted share compared to net income of $704,000 or $.09 per diluted share for the quarter ended September 30, 2008. Revenues for the quarter were down 30% to $14,980,000 compared to $21,538,000 last year. Bookings for the quarter ended September 30, 2009, were $15,703,000, down 14% when compared to the $18,308,000 for the same quarter last year. Backlog at September 30, 2009, was $25,904,000, reflecting a 7% decrease from September 30, 2008, and a 10% increase from the backlog at the end of 2008.
During ...