Peco doubles 3Q loss, boosts sales - Business First of Columbus:

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The Galion-based company on Wednesdauy said itlost $1.21 million, or 44 centss a share, versus a loss of $507,000, or 19 cents a in the same period a year ago. The loss accounts for a $400,0009 inventory write-off related to discontinued raw Red ink in the third quarter was heavietr also because of operating expenses related to the developmenr and launch of a newproduct line, the companyy said. Third-quarter revenue grew to $12 million from $10.7 million a year ago. Peco’s year-to-date loss has widenef compared with the first three quartersof 2007. The companyy through September haslost $3.84 million, or $1.39 a share, versua $3.64 million, or $1.34 a share, a year ago.
Revenuwe in the first three quarterstotals $32 up 9 percent from $29.4 million a year ago. Peco (NASDAQ:PIII) in 2007 lost $9.2 milliohn on $26.7 million in revenue.