Tenth Power Technologies Corp. announces Q3 results for 2013 fiscal
year end
TORONTO, Dec. 24, 2012 /CNW/ - Tenth Power Technologies
Corp. (TSXV: TPI) today announced the financial results for its
second quarter ended October 31,
2012.
Sales for the third quarter of $833,776 decreased by 11% over the same period
last year, and gross margin decreased to 28% from 30% for the same
period last year. Net loss for the second quarter was $166,776 ($0.01 per
share) compared to net income of $321,355 ($0.02 per
share) for the same period last year.
ABOUT TENTH POWER TECHNOLOGIES CORP.
Tenth Power Technologies Corporation ("TPTC") is a Canadian
based-technology and solutions company. Tenth Power supplies secure
business solutions to clients in the telecommunications, financial
services, manufacturing, government and health care sectors. TPTC
augments proprietary software with product licensing and strategic
acquisition of industry-leading services, to design solutions
that safeguard information and electronic communications. The
suite of products includes identity and signature authentication,
Internet security, safe communication platforms and a secured
collaboration environment. TPTC also provides IT security
consulting and managed services. The corporate office is located in
Toronto, Canada.
SOURCE Tenth Power Technologies Corp.