Hauppauge Digital Inc. improved its financial performance by increasing sales for its first quarter of fiscal 2010, and though it continued to lose money, it lost far less than in the comparable quarter last year, the company reported Friday.
In the quarter ended Dec. 31, the company's sales were $17.9 million, compared with $17.3 million for the year-ago quarter. And it incurred a quarterly loss of $334,551, compared with a loss of $1.78 million for the quarter ended Dec. 31, 2008.
The company's results come as it faces continuing pressure from the Nasdaq to keep its share price consistently above $1, or risk delisting. Shares of Hauppauge Digital closed up two cents Friday to 84 cents.
Hauppauge Digital develops digital video and data-broadcast receiver products for personal computers.
Meanwhile, Napco Security Technologies Inc., of Amityville, a supplier of electronic security equipment, reported a loss of $912,000 for the quarter ended Dec. 31 compared with profit of $332,000 in the same period last year. The company had net sales of $16.6 million compared with $19.1 million in the year-ago quarter.