Tenth Power Technologies Corp. announces Q1 results for 2013 fiscal year end
June 26 2012 - 3:38AM
PR Newswire (Canada)
TORONTO, June 29, 2012 /CNW/ - Tenth Power Technologies Corp. today
announced the financial results for its first quarter ended April
30, 2012. Revenues for the quarter of $1,137,622 increased by 83%
over the same period last year, and gross margins decreased to 30%
from 33% for the same period last year. Net loss for the period was
$87,034 ($Nil per share) compared to net loss of $208,347 ($0.01
per share) for the same period last year. ABOUT TENTH POWER
TECHNOLOGIES CORP. Tenth Power Technologies Corporation is a
Canadian based-technology and solutions company. Tenth Power
supplies secure business solutions to clients in the
telecommunications, financial services, manufacturing, government
and health care sectors. TPTC augments proprietary software with
product licensing and strategic acquisition of industry-leading
services, to design solutions that safeguard information and
electronic communications. The suite of products includes identity
and signature authentication, Internet security, safe communication
platforms and a secured collaboration environment. TPTC also
provides IT security consulting and managed services. The corporate
office is located in Toronto, Canada. Tenth Power Technologies
Corp. CONTACT: Tenth Power Technologies Inc.Guy Burry(905)
332-6677Website: www.tenthpowertech.com
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