Southwall Technologies: 3Q 2008 revenue up 15%

Southwall Technologies Inc., which develops and manufactures energy-saving films and glass products, announced on 12 November 2008 its financial figures for the 3Q 2008.
Revenue for the 3Q 2008 were…

Southwall Technologies Inc., which develops and manufactures energy-saving films and glass products, announced on 12 November 2008 its financial figures for the 3Q 2008. Revenue for the 3Q 2008 were reported as USD 10.6 million, which increased approximately 15% from 3Q 2007 revenue of USD 9.2 million. For the first nine months of 2008, the company generated revenues of USD 34.9 million, an improvement of 20% over revenue of USD 29.0 million for the first nine months of 2007. The company“s 3Q net income increased to USD 0.9 million, compared to net income of USD 0.1 million for the 3Q 2007. Year-to-date 2008 net income for the company was USD 5.0 million, as compared to net income of USD 0.6 million for the same period last year. In addition, the company announced 3Q 2008 gross profit of USD 4.2 million, or 40% of sales, as compared to USD 3.2 million, or 34% of sales, in the 3Q 2007.