Global-Tech Advanced Innovations (GAI) Reports Q3 Loss of $0.59/Share
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Global-Tech Advanced Innovations Reports Third Quarter Results for Fiscal 2015
March 20, 2015 7:45 PM EDTHONG KONG--(BUSINESS WIRE)-- Global-Tech Advanced Innovations Inc. (NASDAQ: GAI) today announced its financial results for the fiscal quarter ended December 31, 2014 (the Companys third quarter of fiscal 2015).
Net sales for the third quarter of fiscal 2015 were $16.2 million, compared to $20.5 million for the corresponding quarter in fiscal 2014. Net loss for the third quarter of fiscal 2015 was $1.8 million, or $0.59 per share, compared to a net loss of $0.7 million, or $0.22 per share, for the third quarter of fiscal 2014.
Net sales for the nine months ended December 31, 2014 were $61.8 million, an increase of approximately 37% when compared to $45.0... More
