Decorize 3Q revenues improve amid net loss

Revenues for the quarter ended March 31 were $3.86 million, up 14 percent from $3.39 million in fiscal third-quarter 2006. The company showed an operating profit of $14,000 but had a net loss of $214,000 for the quarter.

For the nine months ended March 31, operating income was $126,000, up by $1.07 million from a $948,000 operating loss reported in the same period last year. Revenues were $11.54 million, up 62 percent from $7.1 million a year ago, while Decorize reported a net loss of $474,000. The loss, however, was an improvement over the $1.39 million net loss a year ago.

Earnings per share were minus 1 cent for the quarter and minus 2 cents for the nine-month period, compared to 0 cents and minus 8 cents for the quarter and the nine-month period last year, respectively.

The company’s backlog exceeds $5 million.

See SBJ’s May 21 issue for more news on Decorize and other local companies.