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Article: Protective Products of America Announces Financial Results for Third Quarter 2009.
- Article from:
- PR Newswire
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 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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SUNRISE, FL, Nov. 6 /PRNewswire-FirstCall/ -- Protective Products of America, Inc. (PPA:TSX), a leading manufacturer and distributor of advanced products in ballistics protection, today announced financial results for its third quarter and nine months ended September 30, 2009.
Third Quarter and Recent Highlights
- Reported total sales of $6.2 million and gross margin of 18.8%;
- Reduced total SG&A expenses by approximately 50% year-over-year to
$2.6 million;
- Net loss from continuing operations of $2.4 million or a loss of
$0.18 per share;
- Backlog of $3.3 million at September 30, 2009;
- Participation in the United ...