USA: Hirsh Plans Restructuring, Announces Q3 Losses
Hirsch International Corp, the supplier of equipment and services to the embroidery industry, said revenues were down $4.1 million for the third quarter of fiscal 2002, which ended 31 October 2001. Total revenues were $15.6 million compared to $19.7 million in the third quarter of the prior year. The net loss for the quarter was $2.3 million versus a net loss of $1.0 million for the same period last year.