Bolt Technology Slips To Loss In Q4

Bolt Technology Wins $4.60 Mln Order For Seismic Energy Source System

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8/21/2012 11:51 AM ET

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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