Photonic reports third quarter and nine months results

Photonic Products has reported its consolidated financial results for its third quarter and nine months ended 30 September 2010.

Third quarter revenues were $2.5m (£1.5m), down from $2.7m in the same period last year.

For the first nine months of 2010 revenue was $7.5m, down eight per cent from $8m for the comparable 2009 period.

Gross profit for the quarter was $495,000, or 20 per cent, down from a gross profit of $600,000, or 22.8 per cent, in the same quarter a year ago.