CTI Industries Corp. (CTIB) reported that its fourth quarter of 2012 net loss applicable to common shares was $215,000, compared to net income of $155,000 in the fourth quarter of 2011. Loss per share was $0.07 compared to earnings per share of $0.05 in the prior year quarter.
Consolidated net sales for the fourth quarter were $12.13 million compared to consolidated net sales of $10.78 million in the same quarter last year, an increase of 12.6%.
For the year ended December 31, 2012, net income applicable to common shares was $102,000 or $0.03 per share, compared to $484,000 or $0.15 per share in 2011.Consolidated net sales totaled $49.54 million, compared to consolidated net sales of $47.17 million for the year ended December 31, 2011, an increase of 5%.
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