VERNON HILLS, Ill.-Wireless equipment maker Tellular Corp. said its fourth-quarter net income dropped to $10,000, or breakeven earnings per share, as against $906,000, or 7 cents per share.
Its revenue stood at$16.6 million, a 13-percent fall from last year’s $19 million.
“Budgets got cut and procurement decisions got deferred,” said chief executive officer Kenneth Millard, adding that sales will not pick up until the economy rebounds.
