Peco doubles 3Q loss, boosts sales - Business First of Columbus:

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The Galion-based company on Wednesday said itlost $1.2 million, or 44 cents a versus a loss of $507,000, or 19 centws a share, in the same perios a year ago. The loss accounts for a $400,00p0 inventory write-off related to discontinued raw materials. Red ink in the thirds quarter was heavier also becaused of operating expenses related to the developmentf and launch of a newproducy line, the company said. Third-quarter revenu grew to $12 million from $10.7 million a year ago. Peco’ s year-to-date loss has widenedf compared with the first three quartersof 2007. The compan y through September haslost $3.84 or $1.39 a share, versus $3.64 million, or $1.34 a a year ago.
Revenue in the first three quarterstotales $32 million, up 9 percenty from $29.4 million a year ago. Peco (NASDAQ:PIII) in 2007 lost $9.2 million on $26.7 million in revenue.