15 May 2014
Hickok Inc. (OTC: HICKA) said it has reported operating results for the second quarter and six months ended March 31, 2014.
The company recorded a net loss of USD297,655 or USD.18 per share, compared with net income of USD119,431 or USD.08 cents per share, in the same period a year ago. Sales in the second quarter were USD1,116,467 down 43 percent from USD1,964,338 a year ago.
In the first fiscal half, the company reported a net loss of USD617,942 or USD.38 per share, compared with net income of USD263,235 or USD.17 cents per share, in the same period a year ago. Sales were USD2,166,709 down 41 percent, compared to USD3,703,241 in last year´s first half.
Robert L. Bauman, president and CEO, said, “The second quarter was unexpectedly weak for our non-OEM markets that we believe was largely due to the difficult winter this year.”
Hickok provides products and services primarily for the automotive, emissions testing, locomotive, and aircraft industries. offerings include the development, manufacture and marketing of electronic and non-electronic automotive diagnostic products used for repair and emission testing. The company also develops and manufactures indicating instruments for aircraft, locomotive and general industrial applications.