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Hytek Microsystems Reports First Quarter Results.

Publication: PR Newswire
Publication Date: 13-MAY-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Hytek Microsystems, Inc. announced today unaudited results for the fiscal first quarter ended March 29, 2003.

The Company recorded a net loss of $166,665 or $(0.05) per diluted share for the quarter ended March 29, 2003, on net revenues of $2.4 million, compared to a net profit of $196,269 or $0.06 per diluted share, on revenues of $3.6 million, for the prior year first quarter.

The decrease in revenues primarily resulted from reduced demand during the first quarter for geophysical exploration products and custom military products, due to...

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