Performance Technologies Inc. (PTIX) reported that its first-quarter net loss of $1.8 million or $0.16 per basic share, compared to a net loss of $1.4 million, or $0.13 per basic share in the first quarter 2009. Revenue in the first quarter 2010 amounted to $7.4 million, compared to $6.9 million in the first quarter 2009.
Cash and investments amounted to $29.3 million, or $2.64 per share, and the Company had no long-term debt at March 31, 2010. The Company had 11.1 million common shares outstanding at March 31, 2010.
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