| CirTran’s Net Sales Up 29% in Q2 |
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| Tuesday, 21 August 2007 04:50 | |||
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SALT LAKE CITY – Electronics contract manufacturer CirTran Corp. reported net sales of $2.87 million for the second quarter, up 25.7% sequentially and 29.4% year-over-year. For the first half, CirTran reported sales of $5.16 million, up 30.4% over the same period last year. The company reported a net loss for the quarter of $2.57 million, which included interest and other expenses totaling $1.35 million. In a statement, Iehab J. Hawatmeh, the company’s chairman and president, said expenses were higher in the second quarter because of additional marketing spending. He said the company is hopeful the increased costs will result in increased revenues in the third and fourth quarter.
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| Last Updated on Tuesday, 21 August 2007 04:50 |
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