Adept Tech Posts Loss; Stock Down 19% - Quick Factsc

(RTTNews) - Adept Technology Inc (ADEP) Monday reported fourth-quarter net loss to stockholders of $367 thousand or $0.03 per share compared with a profit of $110 thousand or $0.01 per share last year.

Results for the prior year included income tax benefit of $518 thousand.

Revenues for the quarter were higher at $14.3 million compared with $13.7 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.02 per share on revenues of $16.22 million for the quarter. Analysts' estimates typically exclude special items.

Adept Technology, based in Pleasanton, California, makes industrial and mobile robots for varios markets.

Adept stock closed Monday at $11.13, up $0.78 or 7.54%, on a volume of 633k shares on the Nasdaq. In after hours, the stock dropped $2.09 or 18.78% at $9.04.