Shares of Performance Technologies Inc. stock soared Friday after the company reported a second-quarter profit after a steep loss a year ago.
PT posted net income of $193,000 or 2 cents a share. That compares with a net loss of $1.75 million, or 16 cents a share, a year ago.
PT logged second-quarter revenues of $7.1 million, up from $5 million in second quarter 2012.
On June 30, the company reported having cash and investments of $12.3 million, working capital of $17 million and no long-term debt.