TORONTO, June 29, 2012 /CNW/ - Tenth Power Technologies Corp. (TSX-V:TPI) today announced the financial results for its first quarter ended April 30, 2012.
Revenues for the quarter of $1,137,622 increased by 83% over the same period last year, and gross margins decreased to 30% from 33% for the same period last year. Net loss for the period was $87,034 ($Nil per share) compared to net loss of $208,347 ($0.01 per share) for the same period last year.
ABOUT TENTH POWER TECHNOLOGIES CORP.
Tenth Power Technologies Corporation is a Canadian based-technology and solutions company. Tenth Power supplies secure business solutions to clients in the telecommunications, financial services, manufacturing, government and health care sectors. TPTC augments proprietary software with product licensing and strategic acquisition of industry-leading services, to design solutions
that safeguard information and electronic communications. The suite of products includes identity and signature authentication, Internet security, safe communication platforms and a secured collaboration environment. TPTC also provides IT security consulting and managed services. The corporate office is located in Toronto, Canada.
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Tenth Power Technologies Inc.