Innovative Composites International Inc. reported earnings results for the third quarter ended June 30, 2012. The company reported revenue of $0.6 million in the third quarter fiscal 2012 period. Net loss for third quarter fiscal 2012 was $2.5 million or $0.03 per share.

The decrease in revenue was partially due to the seasonality of demand from clients. Cash flow used in operating activities for third quarter fiscal 2012 was $2.1 million.