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ZCL Composites Reports First Quarter 2010 Financial Results

  //house-home.news-articles.net/content/2010/05/1 .. eports-first-quarter-2010-financial-results.html
  Published in House and Home on Wednesday, May 12th 2010 at 20:40 GMT by Market Wire
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 - 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) -------------------------------------------------------------------------