Tegal Corporation Reports Second Quarter Fiscal 2011 Financial Results

Tegal Corporation TGAL, announced financial results for the second quarter and year-to-date fiscal year 2011, which ended September 30, 2010. Revenues for the second quarter of fiscal 2011 were $3.2 million, an increase of $0.1 million from $3.1 million in the same period last year. Tegal reported net income of $0.1 million, or $0.02 per share, for the quarter, compared to net loss of ($1.7) million, or ($0.20) per share in the same period last year, and a net loss of ($2.5) million, or ($0.29) per share in the prior quarter