Winland Electronics Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
For the six months, the company reported net sales of $1,742,000 against $1,626,000 for the same period in the last year. Operating loss was $1,245,000 against $303,000 for the same period in the last year. Loss from continuing operations was $1,240,000 or $0.33 per basic and diluted share against $298,000 or $0.05 per basic and diluted share for the same period in the last year. Net loss was $1,240,000 or $0.33 per basic and diluted share against $167,000 or $0.05 per basic and diluted share for the same period in the last year. Net cash used in operating activities was $1,035,000 against $420,000 for the same period in the last year. Purchases of property and equipment were $50,000 against $5,000 for the same period in the last year.