Third quarter net loss was $99,000, or less than $0.01 per share, versus net income of $96,000, or less than $0.01 per share, in the third quarter last year.
Alan Terry, interim president and CEO, said, "The third quarter was marked by a series of developments, many of which have enhanced LEA's prospects for improved performance. New management has been intensely focused on expanding our customer network, re-energizing our sales organization, launching new products and resolving certain legal and administrative matters that slowed our progress and hindered our financial results during the third quarter."
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