May 12, 2010 (M2 PRESSWIRE via COMTEX) -- Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors information on Southwall Technologies Inc (OTCBB:SWTX). The Company recently released news as follows:
Energy-saving films and glass products supplier Southwall Technologies Inc (OTCBB:SWTX) declared on Tuesday net income of USD 1.3m (USD 0.04 per fully diluted share) for the first quarter of 2010.
This is a fall when compared to net income for the first quarter 2009 of USD 2.3m (USD 0.07 per fully diluted share), which included approximately USD 2.4m of other income relating to the settlement of Matrix debt.
Revenue of USD 10.5m was generated for the first quarter 2010, an increase of 61% from the first quarter 2009 revenue of USD 6.5m.
The year-on-year increase in revenue reflects the improving economy and increasing demand for higher energy efficiency products across Southwall's primary markets, the company said.
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