6 December 2013
Emrise Corporation (OTC: EMRI) reported its overall net sales in the 2013 third quarter were USD6.6m compared to USD8.2m in the third quarter of last year.
Loss from operations in the 2013 third quarter was USD122,000, compared to income from operations of USD216,000 in the third quarter of last year.
Net sales of Emrise´s electronic devices segment in this year´s third quarter were USD4.9m compared to USD6.1m in the prior year third quarter. The year-over-year declines in net sales in the electronic devices segment were primarily due to a substantial decrease in sales of radio frequency devices throughout this year´s first nine months because of project timing delays.
Emrise designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. For more information, go to www.emrise.com.