Electroglas (EGLS) Reports a Q4 Loss, Comments on Q1
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Electroglas, Inc. (Nasdaq: EGLS) reports a Q4 non-GAAP loss of $0.15 compared to a loss of $0.21 for the same period last year.
Revenue for the fourth quarter of fiscal 2008 was $12.0 million, a 4% increase over the third quarter of fiscal 2008 and a 38% increase over the fourth quarter of fiscal 2007.
Electroglas expects revenue for the first fiscal quarter of 2009 to decrease to the $10.5-$11.5 million range and to improve through the year as the Company's products are adopted by new and existing customers.[SM]
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