Tenth Power Technologies Corp. announces Q2 results for 2013 fiscal year end
September 28 2012 - 3:00PM
PR Newswire (Canada)
TORONTO, Sept. 28, 2012 /CNW/ - Tenth Power Technologies Corp.
today announced the financial results for its second quarter ended
July 31, 2012. Sales for the second quarter of $515,767 decreased
by 47% over the same period last year, and gross margin decreased
to 27% from 31% for the same period last year. Net loss for the
second quarter was $248,514 ($0.01 per share) compared to net loss
of $131,174 ($0.01 per share) for the same period last year. ABOUT
TENTH POWER TECHNOLOGIES CORP. Tenth Power Technologies Corporation
("TPTC") 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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