Posted on May - 14 - 2010
Hickok Inc. reports smaller second-quarter loss
Hickok Inc. (OTC: HICKA) has reported a smaller second-quarter loss than a year earlier.
The maker of automotive diagnostic equipment said the loss in the quarter that ended March 31 totaled $336,000, or 22 cents a share. In the second quarter of fiscal 2009, Hickok lost $2.2 million, or $1.80 a share, which included a valuation allowance of $1.6 million that it recorded against deferred tax assets.
Sales at Hickok rose 4%, to $1.39 million from $1.34 million.
In commenting on the result, Hickock president and CEO Robert L. Bauman said in a statement, “The second-quarter and first-half operating results were significantly improved from a year ago but we are still experiencing very tight markets in most of the markets we serve.”
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