Cost cutting pays off for Durswitch

An InPlay Technologies, Duraswitch Division product story
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Edited by the Electronicstalk editorial team Mar 5, 2004

Duraswitch has revealed financial results for the quarter and year ended 31st December 2003.

Duraswitch has revealed financial results for the quarter and year ended 31st December 2003.

Duraswitch reported a net loss of $2.6 million, or $0.27 per share, for the year ended 31st December 2003 compared with a net loss of $4.7 million, or $0.49 per share, during fiscal 2002.

Revenue during 2003 included $760,000 in licensing revenue, generating a gross profit of $657,000.

During the comparable period in fiscal 2002, revenue included $747,000 in licensing revenue and $25,000 in product re