Industrial materials developer Cymat Technologies Ltd (TSX:CYM) narrowed its overall net loss in the third quarter of fiscal 2011 though the loss still amounted to a penny per diluted share.
Cymat, which produces stabilized aluminum foam, an ultra-light metallic foam made by bubbling gas through molten alloyed aluminum, put its net loss for the three months ended Jan. 31 at $889,387.
That was down from a net loss of almost $1.2 million in the comparable 2010 quarter.
Revenue in the quarter was $137,286, down from $164,361.
We are very pleased with the progress made this year with our commercialization activities," said executive chairman Michael Liik.
"The inclusion of our Alusion product in such high profile projects as Congress Centre in Mallorca and the 911 Memorial Museum in New York should serve to accelerate the penetration of our material into other high end applications."
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