| Adeptron Adapts, Swings to Profit |
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| Written by Mike Buetow | |||
| Friday, 14 November 2008 08:04 | |||
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TORONTO – Adeptron Technologies reported third-quarter sales rose 18% over last year to $9.6 million, as the EMS company swung to a net profit of $104,000.
Last year, the EMS company reported a net loss of $1.1 million. For the period ended Sept. 30, gross margins improved five points to 15.5%, and EBITDA swung to $541,000 from a loss of $514,000. The higher margins were largely due to the increased sales level, change in customer mix and reduced expenses. Adeptron reported $43,000 of free cash flow for the September period.
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