Titan's Losses Widen Despite Record Sales

摘要

Titan Global Holdings on Friday reported and net operating losses of $23.8 million on record revenues of $111 million for 2007. The net loss widened from a $5.1 million loss last year. Titan reported $9.3 million in operating cash flow during fiscal 2007, a $9.6 million increase from cash operations over 2006. Titan's PCB operations lost $10.5 million on revenues of $23.6 million, up 15% from the prior year.