Bolt Technology Corp. (BOLT: Quote) Tuesday reported a loss for the fourth quarter compared to a profit last year, due mainly to higher costs and expenses.
The Norwalk, Connecticut-based company's fourth-quarter net loss was $2.27 million or $0.26 per share, compared to a net profit of $1.39 million or $0.16 per share last year.
Adjusted income for the quarter was $2.23 million or $0.26 per share, compared to $1.39 million or $0.16 per share in the prior-year quarter.
Total revenues for the quarter grew to $15.46 million from $10.82 million in the prior-year quarter.
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by RTT Staff Writer
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