Southwall Technologies: growth for 2008 despite weaker 4Q

Southwall Technologies Inc, said on 24 March 2009 that it generated revenue of USD 41.9 million during 2008, showing growth of 11% as compared to USD 37.7 million in 2007. All energy-focused business …

Southwall Technologies Inc, said on 24 March 2009 that it generated revenue of USD 41.9 million during 2008, showing growth of 11% as compared to USD 37.7 million in 2007. All energy-focused business segments grew year-on-year. The 4Q 2008 revenue was USD 7.0 million, a decline of 34% from the 3Q of 2008 and down 19% from the 4Q 2007. Net income for the full year was recorded as USD 5.2 million, an improvement of 46% as compared to net income of USD 3.6 million for 2007. A net loss of USD 0.2 million was reported for the 4Q 2008, against net income of USD 2.6 million in the 4Q 2007. Southwall Technologies Inc is engaged in the development and manufacture of high performance, energy-saving films and glass products that improve the energy efficiency of architectural and automotive glass.