Integrated in-line test & inspection Webinar
Jul 27, 2005
IEC Electronics Corp. (IECE.OB) announced its results for the third quarter of fiscal 2006, ending June 30, 2006.
The Company reported revenue of $5.4 million for the quarter and net profit of $79,000 or $0.01 per share. This compares to revenue of $4.0 million and net income of $78,000 or $0.01 per share for the quarter ended July 1, 2005.
For the first nine months of fiscal 2006, IEC's revenue was $14.6 million with a net loss of $(137,000) or $(0.02) per share. This compares to revenue of $14.9 million and net income for the first nine months of fiscal 2005 of $234,000 or $0.03 per share.
W. Barry Gilbert, Chairman of the Board and CEO, stated, "We continue to add new accounts and grow volume of existing customers, and are pleased we had a profitable quarter. Our sales are more than 30 % ahead of last year at this time. However, the additional sales have not yet translated into a significant profit increase. We have been steadily and selectively increasing our employment base, adding back some key positions eliminated during more difficult times. These positions go to the heart of our business and are critical if we are to provide the level of services necessary to support our growth with our customers and to continue driving the business forward.