TORONTO, Dec. 24, 2012 /CNW/ - Tenth Power Technologies Corp. (TSXV:
TPI) today announced the financial results for its second quarter ended
October 31, 2012.
Sales for the third quarter of $833,776 decreased by 11% over the same
period last year, and gross margin decreased to 28% from 30% for the
same period last year. Net loss for the second quarter was $166,776
($0.01 per share) compared to net income of $321,355 ($0.02 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.
For further information:
Tenth Power Technologies Inc.