Superconductive Components Announces Third Quarter Results
November 18, 2002
Superconductive Components, Inc. recently announced a $4,083 loss applicable to common shares for the three months ended September 30, 2002, versus income applicable to common shares of $22,407 for the third quarter 2001. The third quarter 2002 net loss represented $0.00 per diluted share compared with $0.01 last year. "There were several positive achievements during the quarter which reflected our sharpened focus on the company's strategy to pursue specific market opportunities that best utilize its established strengths and capabilities," said Dan Rooney, president and chief executive officer. "On a sequential quarter basis, these included a 20% increase in total revenues over second quarter 2002, as well as improved gross margin, lower general and administrative expenses, and nearly breakeven performance regarding income applicable to common shares."
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