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Short Take: Pinnacle Micro announces Q3 financials

Pinnacle Micro announced that its net sales for the third quarter ending September 28 were down 33 percent to $14.2 million from $21.3 million for the same quarter last year. The net loss, including a one-time charge of $4.3 million, was $7.8 million, or 98 cents per share, as compared to $3.9 million, or 49 cents per share. Revenue for the 9 months ending September 28 dropped 29 percent to $44.0 million from $62.2 million for the same period last year.

Pinnacle Micro announced that its net sales for the third quarter ending September 28 were down 33 percent to $14.2 million from $21.3 million for the same quarter last year. The net loss, including a one-time charge of $4.3 million, was $7.8 million, or 98 cents per share, as compared to $3.9 million, or 49 cents per share. Revenue for the 9 months ending September 28 dropped 29 percent to $44.0 million from $62.2 million for the same period last year.