Winland Reports Q4 2012 and Full Year Financial Results
MANKATO, Minn.--(BUSINESS WIRE)-- Winland Electronics, Inc. (NYSE Amex: WEX) today reported sales of Environmental Monitoring products of $946,000 for the fourth quarter ended December 31, 2012, an increase of $175,000, or 22.7 percent, from the $771,000 in the comparable period in 2011.
Net income from the quarter totaled $303,000, or $0.08 per share, versus a loss of $94,000, or $0.03 per share, in the fourth quarter of 2011. The company reported a net loss of $156,000, or $0.04 per share, from continuing operations, a result that does not include the gain on the sale of the company's land and building, completed in the fourth quarter of 2012.
For the full-year, product sales totaled $3,713,000, up $269,000, or 7.9 percent, over 2011. Winland reported a net income of $21,000, or $0.01 per basic and diluted share, versus a $740,000 net loss, or $0.20 per basic and diluted share, for fiscal 2011.
The news release detailing the company's fourth quarter and full year results will be available on www.winland.com at 8:00 a.m. central time, and will also be included in the Company's Form 8-K filing with the Securities and Exchange Commission.
About Winland Electronics
Winland Electronics, Inc. (www.winland.com), is an industry leader of critical condition monitoring devices. Products including EnviroAlert, WaterBug, TempAlert, Vehicle Alert and more are designed in-house to monitor critical conditions for industries including health/medical, grocery/food service, commercial/industrial, as well as agriculture and residential. Proudly made in the USA, Winland products are compatible with any hard wire or wireless alarm system and are available through distribution worldwide. Headquartered in Mankato, MN, Winland trades on the NYSE Amex Exchange under the symbol WEX.
Winland Electronics, Inc.
Brian Lawrence, 507-625-7231
CFO & Senior Vice President
The Carideo Group, Inc.
Tony Carideo, 612-317-2881
KEYWORDS: United States North America Minnesota
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