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Tenth Power Technologies Corp. Announces Results for 2012 Fiscal Year End(May 31, 2012)
TORONTO, ONTARIO -- (Marketwire) -- 05/31/12 -- Tenth Power Technologies Corp. (TSX VENTURE:TPI) today announced the financial results for its fiscal year end January 31, 2012.
Revenues for the year of $4.8 million improved by 25% over the same period last year, and gross margins declined to 31% from 37% from the same period last year. Net loss for the year was $170,634 ($0.01 per share) compared to net loss of $413,966 ($0.03 per share) for the same period last year.
ABOUT TENTH POWER TECHNOLOGIES CORP.
Tenth Power Technologies Corporation is a Canadian based-technology and solutions company. Tenth Power supplies secure business solutions to clients in the telecommunications, financial services, manufacturing, government and health care sectors. TPTC augments proprietary software with product licensing and strategic acquisition of industry-leading services, to design solutions that safeguard information and electronic communications. The suite of products includes identity and signature authentication, Internet security, safe communication platforms and a secured collaboration environment. TPTC also provides IT security consulting and managed services. The corporate office is located in Toronto, Canada.
Tenth Power Technologies Corp.
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