TORONTO, Sept. 28, 2012 /CNW/ - Tenth Power Technologies Corp. (TSXV:TPI) today announced the financial results for its second quarter ended July 31, 2012.
Sales for the second quarter of $515,767 decreased by 47% over the same period last year, and gross margin decreased to 27% from 31% for the same period last year. Net loss for the second quarter was $248,514 ($0.01 per share) compared to net loss of $131,174 ($0.01 per share) for the same period last year.
ABOUT TENTH POWER TECHNOLOGIES CORP.
Tenth Power Technologies Corporation ("TPTC") 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.
SOURCE: Tenth Power Technologies Corp.
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