HEI announces third quarter 2010 financial results

Electronic manufacturing service HEI has announced its financial results for the third quarter of fiscal year 2010 ending 2 October 2010.

Sales for the third quarter were $8.5m (£5.5m) compared to $7m for the third quarter of 2009 and the company generated a net loss of $510,000 for the third quarter of 2010 compared to a net loss of $1m for the same period last year.

Sales for the first nine months of 2010 were $27.3m, compared to $23.7m for the first nine months of 2009.

The company generated a year-to-date net loss of $139,000 for 2010 compared to a net loss of $934,000 for the first nine months of the previous year.