The company was profitable for the second consecutive quarter this year despite a slight decline in revenues from $3m in the third quarter of 2002 to $2.93m in the same quarter of 2003. Net loss for the nine months ended 30 September 2003 was $120,000 or ($0.05) per share compared to a net loss of $696,300 or ($0.27) per share in the same period last year.
Dan Regalado, chief financial and operating officer of Super Vision International commented: "Despite the lower R&D expenses this year, more new products were developed and launched in the market this year as compared to last year. We expect these new products to capture new market opportunities for both our fibre optic and LED lighting systems and set new standards in the industry."
(Lee Baldock)
