MDI, Inc. (MDII) Reports Profitable Q3
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MDI, Inc. (NASDAQ: MDII) was profitable for the third quarter of 2008 and it continues to be encouraged about its prospects of sustaining profitability for the balance of 2008 and thereafter.
Results of Q3 2008 - The Company today announced select financial results for the third quarter ended September 30, 2008, as follows:
Revenue was $5.3 million, an increase of $1.9 million, or 56%, over Q2 2008 and an increase of $3.5 million, or 186%, over the same period in 2007.
EBITDA plus non cash stock option expense was $380 thousand, an increase of $1.1 million over Q2 2008 and an increase of $1.2 million over the same period in 2007. Operating profit was $70 thousand. Compared to the third quarter 2007, selling, general and administrative expenses decreased by $500 thousand, reflecting the Company's on-going cost management.
MDI, Inc. engages in manufacturing and marketing physical and electronic security technologies primarily in the United States.[SM]
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