Aspocomp Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Reaffirms Earnings Guidance for 2016
For the nine months, the company reported net sales of 15,032,000 against 12,698,000 a year ago. Operating loss was 125,000 against 858,000 a year ago. Loss before tax was 192,000 against 925,000 a year ago. Loss was 192,000 or 0.03 per diluted share against loss of 926,000 or 0.14 per diluted share a year ago. Cash flows used in operating activities was 276,000 against 207,000 a year ago. EBITDA was 0.6 million.
The company's full-year guidance remains unchanged. In 2016, net sales are expected to grow and the operating result to be in the black. In 2015, net sales amounted to 17.5 million and the operating loss to 1.2 million.