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Technology Stocks : Spectrum Signal Processing (SSPI)

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From: Rutgers	10/28/2004 8:56:45 AM
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Spectrum Signal Processing Reports Third Quarter 2004 Results Spectrum Signal Processing Inc. (NASDAQ:SSPI - News; TSX:SSY - News) today announced its financial results for the third quarter of 2004. Spectrum reports all results in US dollars and in accordance with US GAAP. Third quarter financial highlights include: Revenue of $4.8 million; Gross margins of $2.7 million, or 56% of revenue; Net operating expenses of $2.4 million; Net earnings of $309,000; and, A cash balance of $1.8 million at September 30, 2004. "Spectrum has come a long way in 2004," stated Mr. Pascal Spothelfer, Spectrum's President and CEO. "We have delivered consecutive quarters of profitability, our current generation of software defined products are very competitive and our next generation product development is well underway." biz.yahoo.com

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