VANCOUVER – EMS provider and ODM Northstar Electronics reported  third-quarter revenues of $688,228, up nearly 40% year-over-year.
 
The company cut its quarterly loss 72% to $45,605 over 2006.
 
Year-to-date revenues were $1.3 million, down 6.3% year-over-year. The company incurred a year-to-date net loss of $454,102, down 9.4% compared to last year.
 
Northstar provides EMS services and builds sonar technology for security and defense customers. During the quarter, Northstar continued work on two Lockheed Martin contracts. Sales for commercial product were also higher sequentially as result of higher demand in Europe, Northstar reports.
 
“The increasing contract revenues and increasing product sales resulted in an improvement in overall revenues and a significant reduction in the quarterly loss. We expect to see increasing revenues and an improved bottom line in the ensuing quarters ahead,” CEO Wilson Russell said.
 

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