Fri, May 14, 2010
Thu, May 13, 2010
Wed, May 12, 2010
Tue, May 11, 2010

ZCL Composites Reports First Quarter 2010 Financial Results

 - Revenue of $25.5 million, compared to $19.7 million - Net loss of $2.8 million, compared to net loss of $1.4 million - Diluted loss per share of $0.10, compared to diluted loss per share of $0.05 - Backlog of $31.2 million, compared to $25.4 million 
 - a $1.3 million reduction in the amount of fixed costs absorbed into inventory during the quarter due to a decrease in inventory production levels; and - a $0.6 million swing in foreign exchange gains/losses. 
 (in thousands, except per share amounts) First Quarter --------------------- 2010 2009 $ $ ------------------------------------------------------------------------- Total revenue 25,544 19,681 Net loss (2,770) (1,356) Diluted loss per share (0.10) (0.05) -------------------------------------------------------------------------