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TechPrecision Corporation (OTCBB: TPCS) $1.01. Today announced that its backlog had reached $20.7 million as of March 15, 2010. The comparable backlog at March 31, 2009 was $21.8 million.
TechPrecision's backlog as of the quarter ended December 31, 2009 was $15.7 million, increasing to $18.1 million as of the end of January, 2010. The $2.6 million net increase during the last 45 days is due to $4.8 million in new orders, offset by shipped orders against the existing backlog. This increase includes orders from several verticals, most notably from its largest customer, GT Solar.
What They Do: TechPrecision Corporation, through its wholly-owned subsidiary Ranor, Inc., manufactures metal fabricated and machined precision components and equipment.
Teltronics, Inc. (OTCBB: TELT) $1.61. Today announced its financial results for the year ended December 31, 2009. Revenues for 2009 were $43.1 million as compared to $34.6 million reported in 2008. The Company reported net income of $5.4 million in 2009 compared to a net loss of $3.3 million in 2008.
As a result of the net gains in 2009, the net income available to common shareholders for 2009 increased by 200% to $4.4 million from a $4.4 loss in 2008 and the Company's diluted net income per share for 2009 was $0.48 as compared to a diluted net loss per share of $0.51 for 2008. Gross profit margin increased from 33% for 2008 to 41% for 2009. The Company's operating expenses for 2009 decreased $3.8 million from 2008.
What They Do: Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity.
QuoteMedia, Inc. (OTCBB: QMCI) $.105. Today announced an enterprise agreement with Gmarkets Inc., a financial information company specializing in the delivery of real-time global fixed income and capital markets data. Effective immediately, Gmarkets will incorporate Quotestream Professional into its existing product line, which Gmarkets currently provides to both sell-side and buy-side market participants, with a substantial presence in most financial institutions in Canada and a growing footprint in the U.S.
What They Do: QuoteMedia is a leading software developer and syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages and financial services companies.
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