Allen-Vanguard sees lower revenue in Q3

Allen%20Vanguard.jpgThreat counter-measures maker Allen-Vanguard posts $12.4 in revenue for its third quarter, a 14.5% dip from that reported for the same period last year. The company also took a net loss of $1.8 million ($.03 a share). A year earlier, it earned $600,000 ($.02 a share). Blaming “slow deliveries and increased administrative and development expense” for the sluggish performance, Allen-Vanguard says it nonetheless expects to turn in a strong fiscal 2007, as it ramps up for record deliveries of bomb-disposal robots and shipments of electronic counter-measures equipment to Lockheed Martin.

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