Third-Quarter Sales Improve at Inrad
NORTHVALE, N.J., Nov. 21, 2014 — Losses at Inrad Optics Inc. decreased in the third quarter as it finished consolidating its manufacturing and higher sales in the defense, process control and metrology markets.
The third-quarter net loss was $91,000, compared to a loss of $239,000 in the third quarter of 2013. Revenue was $2.9 million, up 5.7 percent from $2.8 million in the third quarter of 2013.
Although sales were up in the third quarter, the company said year-to-date sales to customers in the defense, university and national laboratory market have decreased compared to last year.
Inrad specializes in crystal-based optical components and devices, custom glass and metal optical components, and precision optical and optomechanical assemblies.
For more information, visit www.inradoptics.com.
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