Ceramic Industry News

Superconductive Components Announces First Quarter Results

May 29, 2003
/ Print / Reprints /
ShareMore
/ Text Size+
Superconductive Components, Inc. recently reported results for the three months ended March 31, 2003. Total revenue declined 16% to $657,879 for the first quarter 2003, compared with $783,379 for the same period last year. The loss applicable to common shares was $103,983, or $0.06 per diluted share, for the first quarter 2003, versus a loss applicable to common shares of $85,575, or $0.05 per diluted share, a year ago. The net loss per common share before cumulative effect of a change in accounting was $0.04 for the first quarters of 2003 and 2002. Net cash provided by operating activities improved to $109,087 for the three months ended March 31, 2003, from $50,489 of net cash utilized in operating activities for the same period last year. The principal factors included lower inventories and accrued expenses. Product revenues were $624,546 for the first quarter 2003, versus $714,148 a year ago, due to the weak national economy. Contract research revenue declined to $33,333 for first quarter 2003 from $69,231 for the same period last year, following the expiration of a Phase II SBIR grant from the National Science Foundation.

Additional information is available at http://www.sciengineeredmaterials.com .

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px