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Starmet Corporation Announces Third Quarter Fiscal 2000 Results.
Advanced Materials & Composites News, September, 2000
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Starmet Corporation (Nasdaq: STMT) a Concord, Massachusetts based manufacturer of specialized metal products, announced financial results for the third quarter which ended July 2, 2000. For the first time in a year, the company fell below its breakeven point of approximately $5.6 million in revenues per quarter, with revenues of $5.1 million that generated a net loss of $310,000.
The company generated net losses of $310,000 and $56,000, or $0.06 and $0.01 per share on basic average shares outstanding, for the quarter and nine months ended July 2, 2000, respectively. This compares ...
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