Benzinga’s Biggest Losers (INOC, ERI, QUIK, PSUN, FTK, TBUS)

Innotrac Corporation (NASDAQ: INOC) plunged 29% to $2.08 huge 39K shares only after INOC announced reported that third quarter revenues declined 30.4% to $22.3 million as compared to $32 million same quarter last year. . So far this year, Innotrac Corporation (NASDAQ: INOC) is up over 23%.

Emrise Corporation (NYSE: ERI) tumbled 30% to $0.880 on 155K shares after Emrise reports Q3 net loss of $1.8 million as compared to net income of $1.2 million same quarter last year. In the last six months, ERI declined by around 35%.

QuickLogic Corporation (NASDAQ: QUIK) plunged 32% to $1.35 on volume of 1.28 million shares after QUIK announced that it has entered into agreements with a group of institutional investors to sell $6.24 million of common stock and warrants in a registered direct offering. The 52 week trading range for QUIK is $0.51 - $3.39.

Pacific Sunwear of California, Inc. (NASDAQ: PSUN) declined 31% to $3.43 on huge volume of 6.30 million shares. The 52 week trading range for PSUN is $0.72 - $7.25. So far this year, PSUN is up over 115%.

Flotek Industries, Inc. (NYSE: FTK) is another stock which declined 25% and currently trades at $1.23 on 623K shares, FTK has made a new 52 week low today at $1.15. Today Flotek reported third-quarter net loss of $23.1 million against a net profit of $5.1 million same quarter last year. Analysts on an average expected FTK to report 3Q loss of $0.14 a share.

DRI Corporation (NASDAQ: TBUS) moved down 24% to $1.62 on 236K shares after TBUS reported that it is expanding its Mobitec AB subsidiary's production facilities in Herrljunga, Sweden. Yesterday, TBUS announced that it expects fourth quarter earnings to be around $0.05 a share on revenue of $15.6 million. In the last six months, TBUS gained over 20%.