Allied Motion Technologies Inc., Denver, CO, reported first quarter sales of $15.3 million, a decline of 34% from the prior year period. The company recorded a loss of $730,000 for the quarter, compared to profit of $924,000 in the first quarter of 2008.
Sales declined in all industry sectors except the Medical Market which achieved a 4% increase.
Dick Warzala, newly appointed CEO as of May 12, said the manufacturer of motion control products will continue to launch new products while continuing to improve efficiencies in the manufacturing …
Allied Motion Technologies Records 1Q Loss
Allied Motion Technologies Inc., Denver, CO, reported first quarter sales of $15.3 million, a decline of 34% from the prior year period. The company recorded a loss of $730,000 for the quarter, compared to profit of $924,000 in the first quarter of 2008.
Sales declined in all industry sectors except the Medical Market which achieved a 4% increase.
Dick Warzala, newly appointed CEO as of May 12, said the manufacturer of motion control products will continue to launch new products while continuing to improve efficiencies in the manufacturing …
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