Global-Tech Advanced Innovations (GAI) Reports Q4 Loss of $0.68
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Global-Tech Advanced Innovations Announces Fiscal 2015 Results
July 17, 2015 9:00 PM EDTHONG KONG--(BUSINESS WIRE)-- Global-Tech Advanced Innovations Inc. (NASDAQ: GAI) today announced its financial results for the fiscal year ended March 31, 2015.
Net sales for fiscal 2015 were $78.0 million, up 24.4%, when compared to net sales of $62.7 million in fiscal 2014. Net loss for fiscal 2015 was $6.4 million, or $2.11 per share, when compared to a net loss of $10.6 million, or $3.47 per share, in fiscal 2014. Included in net loss for fiscal 2014 was $5.5 million from discontinued operations.
Net sales for the fourth quarter of fiscal 2015 were $16.2 million, compared to $17.7 million in the corresponding period in fiscal 2014. Net loss... More
