Inventronics Ltd. Announces Audited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011; Appoints Dan J. Stearne as President and CEO
March 14, 2012 at 12:10 am IST
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Inventronics Ltd. announced audited earnings results for the fourth quarter and full year ended December 31, 2011. For the three months, the company reported a net loss of $113,000, or 2.6 cents per basic share, on revenue of $1,092,000 compared to a net loss of $159,000, or 3.6 cents per basic share, on revenue of $1,067,000, for the three months ended December 31, 2010. EBITDA was $18,000 compared to $31,000 for the same period a year ago.
For the year, the company reported a net loss of $140,000, or 3.2 cents per basic share, on revenue of $4,979,000 compared to a net loss of $606,000, or 13.8 cents per basic share, on revenue of $4,938,000 for the 2010 fiscal year. EBITDA was $398,000 compared to $169,000 for the same period a year ago.
The company announced the appointment of Dan J. Stearne as president and CEO of the corporation.
Inventronics Limited is a Canada-based company. The Company designs and manufactures protective enclosures and related products for the telecommunications, electric transmission, cable, energy and other industries in North America. Its products are found in telecommunication networks, electric power distribution networks, cable television networks and traffic control systems in both outdoor and indoor applications. Its products include CATV CP Pedestal Series, BOBCAT Cabinet Series, SG Pedestals, MDU Enclosure Series, NEMA 4/4x Cabinets & Enclosures, NEMA 1/12 Cabinets & Enclosures, M/U Pedestal Series, FDE Enclosure Series, Traffic Control Enclosure, and Urban Refuse & Recycling Bins. CATV CP Pedestal Series is designed for cable television distribution equipment. BOBCAT Cabinet Series are designed for broadband node locations supporting remote deployment of network electronics, including power supply, batteries and radio frequency components.
Inventronics Ltd. Announces Audited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011; Appoints Dan J. Stearne as President and CEO