Digital Power reports results for 2010 third quarter

Power systems designer and manufacturer Digital Power has announced its financial results for the third quarter ended 30 September 2010.

Revenues increased by 87 per cent to $3.2m (£2m) for the quarter, compared to $1.7m for the same period a year ago.

Gross margins increased to 36.1 per cent, compared to 30 per cent for the third quarter of 2009.

Net income was $303,000 for the quarter ended 30 September 2010, compared to a net loss of $205,000 for the same period last year.