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MicroPlanet Technology Corp.

09:43 AM EST - MicroPlanet Technology Corp. : reports its third-quarter net loss widened to $1.33 million U.S. from $1.32 million U.S. a year earlier. However, earnings per share for the recent quarter remained flat at $0.03 U.S.. Sales for the third quarter grew 120% to $625,338 U.S. from $283,683 U.S. in the year-ago period. Gross margin for the quarter was $165,171 or 26.4%. Also, the company expects both sales and gross margins for its products to continue to stabilize in the fourth quarter and in 2010. MicroPlanet Technology Corp. shares V.MP are trading even at $0.13.