21 JULY 2011canadianbusiness.com
Cymat Technologies narrows Q4 loss by nearly $1M as revenue rises to $1.2 million
Edited by : AL CIRCLE
1 min read
Aluminum foam maker Cymat Technologies Ltd. (TSX:CYM) narrowed its fourth quarter net loss on higher revenues, with one of its products being used in the 9/11 Memorial in New York City and a congress centre in Mallorca, Spain.
Cymat reported a net loss of $210,000 for its fiscal fourth quarter, down from a loss of $1.2 million in the same quarter a year before. Revenue was $1.2 million, up from $238,000.
For the fiscal year, the company's net loss was $4 million. That's lower than the $5.1 million in the previous fiscal year.
Cymat reported a net loss of $210,000 for its fiscal fourth quarter, down from a loss of $1.2 million in the same quarter a year before. Revenue was $1.2 million, up from $238,000.
For the fiscal year, the company's net loss was $4 million. That's lower than the $5.1 million in the previous fiscal year.
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