{"id":86318,"date":"2010-08-31T01:05:18","date_gmt":"2010-08-30T17:05:18","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/com-dev-takes-net-loss-in-third-quarter-lowers-2010-revenue-projections\/"},"modified":"2010-08-31T01:05:18","modified_gmt":"2010-08-30T17:05:18","slug":"com-dev-takes-net-loss-in-third-quarter-lowers-2010-revenue-projections","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/com-dev-takes-net-loss-in-third-quarter-lowers-2010-revenue-projections\/","title":{"rendered":"Com Dev Takes Net Loss in Third Quarter; Lowers 2010 Revenue Projections"},"content":{"rendered":"<p>[08-30-10] Canadian satellite technology company <strong>Com Dev International<\/strong> will post a net loss of about $1.6 million in its 2010 third quarter, compared with a net income of $4.89 million in the same period last year, according to its preliminary results, issued Aug. 27.<br \/>\n&nbsp;&nbsp;&nbsp; The company said it was hurt by higher costs during the quarter, with revenues falling 15 percent to $49 million. The fall in profits caused Com Dev to lower its revenue projections for 2010. The company now expects revenues to be 5 percent lower than its 2009 results.<br \/>\n&nbsp;&nbsp;&nbsp; In a statement, Com Dev CEO John Keating said that its programs had a negative gross margin impact of $6.31 million in the quarter. The programs, now 86 percent completed, represent a steadily decreasing proportion of its revenues, falling from 5 percent from the last quarter to 2 percent of revenues by the second half of next year.<br \/>\n&nbsp;&nbsp;&nbsp; \u201cOur results in the third quarter were affected by continuing cost growth on the five programs that have recently proved troublesome for us,\u201d Keating said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[08-30-10] Canadian satellite technology company Com Dev International will post a net loss of about $1.6 million in its 2010 third quarter, compared with a net income of $4.89 million in the same period last year, according to its preliminary results, issued Aug. 27. &nbsp;&nbsp;&nbsp; The company said it was hurt by higher costs during [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-86318","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86318"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=86318"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86318\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=86318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=86318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=86318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}