Trans-Lux,a supplier of LED technology for high-resolution video displays and lighting applications,has reported its financial results for the first quarter.
Revenues totaled US$5.6 million for the first quarter,compared with US$4.9 million during the same period last year.Trans-Lux recorded a loss from continuing operations for the quarter of US$1.7 million(loss of US$0.35 per share),compared with a loss of US$1.7 million(loss of US$0.68 per share)in the first quarter of the prior year.The company has ramped up its marketing efforts and has recorded an increase in marketing expense in the current period,which is reflected in the increase in general and administrative expenses for the first quarter 2012.
"The 14%increase in revenue during this period is a positive indication that Trans-Lux has made significant progress in advancing its new business model,"said Trans-Lux president JM Allain.
