Superconductive Components Announces First Quarter Results
May 13, 2002
Superconductive Components, Inc. reported a 26.1% decline in revenues to $783,379 for the three months ended March 31, 2002. As a result, the company had a loss applicable to common shares of $85,575, or $0.05 per diluted share, versus income applicable to common shares of $106,362, or $0.06 per diluted share, for the same period last year. "Results for the three months ended March 31, 2002 reflect a substantial slowdown in production orders during the quarter as well as a sharp drop in contract research revenue compared to last year," said Dan Rooney, president and chief executive officer. "Our emphasis on marketing has increased and we are positioning the company to respond more effectively to new sales opportunities. We anticipate that business conditions will stabilize during the second quarter and begin to improve during the remainder of this year."
Additional information is available at http://www.superconductivecomp.com.