THIRD QUARTER SUMMARY:
Total revenue increased 10% to $5.3 million in the third quarter of 2014, from $4.9 million in the third quarter of 2013
Gross profit margin was 44% in the current period, compared to 60% in the third quarter of 2013, as a result of a product mix shift and lower production levels
Operating expenses increased $1.0 million, or 15%, from $6.8 million in the third quarter of 2013 to $7.8 million in the current period due to increased sales & marketing and research & development expenses
Net loss of $(5.5) million, or $(0.11) per share, in the third quarter of 2014, compared to $(3.9) million, or $(0.08) per share, in the third quarter of 2013, on decreased gross profit margin and higher operating expenses
SAN LEANDRO, Calif., Nov.
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