Bolt Technology Corporation (BOLT)

Bolt Technology Corporation (NASDAQ: BOLT) today announced that for the first quarter of fiscal year 2010 -- the three months ended September 30, 2009 -- sales amounted to $7,033,000 compared to $11,263,000 for the first quarter last year. Net income for the quarter amounted to $1,178,000 ($0.14 per share) compared to $2,280,000 ($0.27 per share) for the first quarter last year.
Raymond M. Soto, Bolt’s chairman, president and CEO, commented, “Our operating results for the first quarter of fiscal 2010 reflect the impact of lower marine seismic exploration activity caused by the global economic slowdown

Oct 21 · 10:09:00 AM · Source: Business Wire
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by Larry Etter