Photonic Products reports second-quarter result

Technology group Photonic Products has announced that company revenue for the second quarter of 2010 was approximately $2.2m (£1.4m), compared with $2.62m in the same period last year. 

Gross profit for the quarter was $256,000, or 11.8 per cent, compared with $419,000, or 16 per cent, in the second quarter last year.

Net loss for the quarter was $649,000, compared with a net loss of $337,000 in the same period last year. 

The company reported a net loss per share of $0.06, basic and diluted, for the current quarter, which compares with a net loss per share of $0.03, basic and diluted, in the second quarter of 2009.