CirTran’s Revenues Up 42% in 2007 PDF Print E-mail
Wednesday, 16 April 2008 04:17
SALT LAKE CITY – EMS provider CirTran Corp. reported revenue of $12.4 million for 2007, up 42% year-over-year during what its president and CEO Iehab J. Hawatmeh called “an investment year.”

 
CirTran’s gross profit was $3.2 million, down 3% compared to 2006, as a result of higher than expected cost of sales experienced in entering the online marketplace, along with lower margins on startup marketing services, the company said.

 
For the year, CirTran reported a net loss of $7.2 million, up from 2006’s loss of $2.9 million, which was attributed to increases in selling, general and administrative expenses.

 

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