Tegal Corporation Reports Q3 EPS of $(0.01)

Tegal Corporation TGAL, today announced financial results for the third quarter and year-to-date fiscal year 2011, which ended December 31, 2010. Revenues for the third quarter of fiscal 2011 were $1.3 million, a decrease from $5.1 million in the same period last year and from $3.2 million in the prior fiscal quarter. Tegal reported net loss of ($0.1) million, or ($0.01) per share, for the quarter, compared to net loss of ($8.8) million, or ($1.04) per share in the same period last year, and a net income of $0.1 million, or $0.02 per share in the prior quarter. Net loss for the nine months ended for the fiscal year 2011 was ($2.4) million, or ($0.29) per share compared to ($13.1) million, or ($1.55) per share in the prior year to date. At the end of the quarter Tegal's cash balance was $7.9 million.