Peco 2Q loss widens - Business First of Columbus:

http://journeytomorocco.com/2007/09/12/making-for-the-border/
The Galion-based communications power systems maker reportea second-quarter loss of $1.27 million, or 45 cents a versus a loss of $827,000, or 27 centss a share, in the same periodf last year. Sales in the quarter grew 5 percen tto $11.1 million from $10.6 million as Peco’s larger product segment pulled in a 17 percent revenue gain at $8.5 That offset a more than 20 percent declines in sales for its smaller servicews segment, which recorded $2.55t million in second-quarter revenue.
Peco said two customersw in the services segment cut spending during the which contributed toa $300,000 decline in the business’ gross The company also recorded a $300,000 inventory-related charge during the quarter. The company’ds first-half loss stands at $2.72 million, or 95 cents a share, down from a loss of $3.3 or $1.15 a share, last Revenue in the first half is up 8 percenfat $20.1 million, compared with $18.6 million through June of last Peco (NASDAQ:PIII) in 2007 lost $9.2 millionj on $26.7 million in revenue.