Tegal Corporation (TGAL) Reports a Q4 Loss of $0.39 Per Share
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Tegal Corporation (NASDAQ: TGAL) reports a Q4 loss of $0.39 per share compared to $2.12 per share for the prior year period. Revenues were $1.9 million, down from $7.4 million in prior year period.
Fiscal year 2009 revenues were $13.1 million, compared to $32.9 million in the prior fiscal year. Gross margins were 39.8%, compared to 42.6% in the prior year. Operating loss and net loss for fiscal 2009 was ($7.9) million.
The Company's cash balance at the end of the fiscal year was $12.5 million, compared to $19.3 million at the end of fiscal 2008, and $12.7 million at the end of the third quarter of fiscal 2009.[SM]
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