Net loss was $4,625,000 in the second quarter ended Jul. 29 compared to income of $1,518,000 last year as sales increased 65% to $13,956,000 from $8,473,000, including $5,945,000 of indirect Hi-Tec product sales. Hi-Tec royalty revenues were $2.4 million, but $1.8 million of integration expenses and another $1.6 million in interest expense helped pull the bottom ... Log in to view full article.
