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Article: Performance Technologies Announces Third Quarter 2009 Financial Results.(Financial report)

Article from:
Telecommunications Weekly
Article date:
November 11, 2009
Copyright

Performance Technologies, Inc. (NASDAQ:PTIX), a leading provider of innovative network communications solutions, announced its financial results for the third quarter 2009.

Revenue in the third quarter 2009 amounted to $7.9 million, compared to $6.4 million in the second quarter 2009 and $9.2 million in the third quarter 2008. Revenue for the nine months ended September 30, 2009 amounted to $21.2 million, compared to $31.4 million during the corresponding period in 2008.

The Company incurred a net loss in the third quarter 2009 amounting to ($.3 million), or ($.03) per basic share, based on 11.1 million shares outstanding. This loss includes a discrete ...

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