Dynavox reports third quarter loss
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Dynavox, a South Side-based speech technology company, today reported first-quarter net losses of $300,000, or 2 cents per share, down from gains of $400,000, or 4 cents per share, during the same period last year.
The company reported revenues of $18.6 million, down 29 percent from revenues of $26.2 million during the same period last year.
Dynavox CEO Michelle Heying Wilver said a difficult economic climate lead to the losses.
"Looking forward to the remainder of the fiscal year, we do not anticipate any significant improvements in our operating environment. As we continue to navigate through these challenging times, we remain focused on maximizing our opportunity in markets where funding is available, developing important new products, controlling costs and managing cash flow," she said in a press release.
First Published November 13, 2012 5:31 pm