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Wowjoint Holding Slips To Loss In Q4

China-based infrastructure solutions provider Wowjoint Holdings Limited (BWOW: Quote) reported a fourth-quarter net loss attributed to ordinary shareholders of $340,000 or breakeven per share, compared to net profit $1.3 million or $0.17 per share in the year-ago quarter.

Total sales for the quarter fell to $4.0 million from $11.0 million in the same period last year.

Looking forward to the first quarter of fiscal 2012, the company said it expects revenue of about $1 million to $2 million.

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by RTT Staff Writer

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