EDMONTON, Alta. – Canadian suspension manufacturer, Raydan Manufacturing, trimmed its losses in the third quarter.
Q3 revenue was $4.6 million with a loss of $32,752, which compares to a loss of $468,586 for the same period a year ago. For the nine-month period ending Jan. 31, 2009, revenue was $14.1 million with a loss of $779,836.
Raydan credits strong manufacturing and military revenue in Alberta with improved parts and service revenue in Ontario for the improvements. It also eliminated the revenue losses stemming from its Alberta parts and service business, which was closed last October.
The company said it is working on several new projects, including a multi-axle suspension the company says will expand the market for its products.
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