Winland Reports Q4 and Full-Year 2011 Financial Results
March 29 2012 - 8:00AM
Business Wire
Winland Electronics, Inc. (NYSE Amex: WEX) today reported sales
of Proprietary Environmental Monitoring products of $771,000 for
the fourth quarter ended December 31, 2011, down $97,000, or 11.2
percent, from the $868,000 that the company reported in the
comparable period in 2010. Net loss from the quarter totaled
$94,000, or $0.03 per share, versus a loss of $1,900,000, or $0.50
per share, in the fourth quarter of 2010.
For the full-year, proprietary product sales totaled $3,444,000,
up $127,000, or 4 percent, over 2010. Winland reported a net loss
of $740,000, or $0.20 per basic and diluted share, versus a
$3,532,000 net loss, or $0.96 per basic and diluted share, for
fiscal 2010.
The full press release can be found on the company’s website at
www.winland.com/news.
About Winland
Electronics
Winland Electronics, Inc. (www.winland.com), is an industry
leader of critical condition monitoring devices. Products including
EnviroAlert, WaterBug, TempAlert, Vehicle Alert and more are
designed in-house to monitor critical conditions for industries
including health/medical, grocery/food service,
commercial/industrial, as well as agriculture and residential.
Proudly made in the USA, Winland products are compatible with any
hard wire or wireless alarm system and are available through
distribution worldwide. Headquartered in Mankato, MN, Winland
trades on the NYSE Amex Exchange under the symbol WEX.