11:45 AM EST - Adeptron Technologies Corp. : reported that its fourth-quarter net income was $600,000 or $0.01 per share, compared to a net loss of $5.9 million or $0.16 per share for the same period of 2007. The company said that the profitable fourth quarter of 2008 is due to higher sales and a gain in embedded derivatives compared to the same period of 2007. In the fourth quarter of 2007, there were also non-recurring charges relating to goodwill impairment and restructuring that had a significant negative impact to income. Sales for the quarter increased to $12.97 million, from $9.92 million in the year-ago quarter. The company expects a continuation of its growth in sales for 2009 as compared to 2008. Sales for the first quarter of 2009 are anticipated to show a significant increase compared to the first quarter of 2008 in spite of the current severe economic recession. Adeptron Technologies Corp.
shares T.ATQ are trading even at $0.10.
