Allied Motion Technologies Inc., Denver, CO, reported second quarter sales of $13.9 million, down 41% from second quarter 2008. The manufacturer of motion control products recorded a loss of $12.1 million for the period, compared to profit of $1 million the prior year. Sales declined across all industry sectors.
During the six months ended June 30, the company had a net loss of $12.8million compared to profit of $1.9 million for the same six months last year. Sales were $29,235,000, down …
Allied Motion Technologies Inc., Denver, CO, reported second quarter sales of $13.9 million, down 41% from second quarter 2008. The manufacturer of motion control products recorded a loss of $12.1 million for the period, compared to profit of $1 million the prior year. Sales declined across all industry sectors.
During the six months ended June 30, the company had a net loss of $12.8million compared to profit of $1.9 million for the same six months last year. Sales were $29,235,000, down …
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