The net loss for the nine months ended October 1, 2011 of $4.1 million was $0.2 million or 3.7% lower than the same period in 2010. The improved loss was primarily due to a reduction in selling, general and administrative expenses resulting largely from lower sales commissions and marketing related expenses.Excluding receipt of a tax refund of $6.6 million in 2010, we used $3.8 million less cash in operating activities in the first nine months of 2011 as compared to the prior year period, primarily due to less cash used to fund working capital. The Company had cash of $1.6 million at October 1, 2011, no bank borrowings during the first nine months of 2011, and no outstanding loan balance at October 1, 2011.
Chromcraft Revington, Inc. Reports Third Quarter And First Nine Months Results
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