PHAZAR (ANTP) Reports a Q3 Loss
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PHAZAR CORP (NASDAQ: ANTP) reports a Q3 loss of $0.10 compared to $0.14 profit for the same period last year.
Revenues of $1.5 million for the third quarter decreased 53% compared to $3.2 million for the same period last year.
Much of the 53% decrease in revenues year-to-year is attributable to the completion of a major antenna project for Page Iberica S.A. totaling approximately one million dollars in the third quarter last year. However, a slow-down in government and government related contracting activity was also a contributing factor in lower revenues for the three month period ended February 28, 2009.
PHAZAR CORP operates as a holding company with Antenna Products Corporation, Tumche Corp., Phazar Antenna Corp. and Thirco, Inc. as its wholly owned subsidiaries.[SM]
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