Superconductive Components Reports Second Quarter Results
August 27, 2002
Superconductive Components, Inc. recently reported a $38,305 loss applicable to common shares for the three months ended June 30, 2002, compared with a loss of $5,720 for the same period last year. The net loss per diluted share was $0.02 for second quarter 2002 versus $0.00 in 2001. Results for second quarter 2002 benefited from receipt of a $39,083 insurance claim. "While we are disappointed with the results for second quarter 2002, changes have been implemented that are expected to benefit future performance," said Dan Rooney, president and chief executive officer. "In conjunction with ongoing cost containment measures, we established SCI Engineered Materials on July 1, 2002, as the sole operating unit of the company. This enhances utilization of our internal manufacturing and research capabilities and also strengthens the company's position with customers in our chosen markets."
Additional information is available at http://www.sciengineeredmaterials.com.