Performance Technologies has reported $11.2 million revenue for the second quarter of 2008, compared to $9.6 million in the second quarter 2007.
Net income in the second quarter 2008 amounted to $0.6 million, or $0.05 per diluted share, compared to net loss $0.4 million, or $0.03 per basic share in the second quarter of 2007.
Revenue for the six months ended June 30, 2008 amounted to $22.2 million, compared to $19 million during the second quarter of 2007. Net income for the six months ended June 30, 2008 amounted to $1.2 million or $0.10 per diluted share, compared to net loss of $1 million, or $0.08 per basic share during the six months period ended June 30, 2007.
John Slusser, president and CEO of Performance Technologies, said: During the second half of 2008, we will continue this focus and execution of our strategies for long-term growth while pursuing near-term business objectives, recognizing challenging economic conditions exist in some of our end markets.