ADM Tronics Unlimited, Inc. (ADMT) swung to a net loss for the quarter ended Dec. 31, 2016. The company has made a net loss of $0.04 million in the quarter, against a net profit of $0.24 million in the last year period.

Revenue during the quarter grew 10.63 percent to $1.16 million from $1.05 million in the previous year period. Gross margin for the quarter contracted 1590 basis points over the previous year period to 48.15 percent. Operating margin for the quarter stood at negative 3.45 percent as compared to a positive 22.73 percent for the previous year period.

Operating loss for the quarter was $0.04 million, compared with an operating income of $0.24 million in the previous year period.

ADMT chief executive officer Andre' DiMino added, "We are investing in our future by adding leading-edge equipment and by ramping up our research, development and engineering activities specifically for ADMT's suite of proprietary products. The expenses related to this investment in our future resulted in a loss from operations for the December 31, 2016 quarter. However, realizing these expenses in the 3rd quarter bodes well for the Company's growth in our 4th quarter of this year, and for years thereafter." Mr. DiMino concluded, "Furthermore, I am particularly pleased that our income from operations for the first three quarters of this year is up 180%, which is almost triple the income from operations from the first three quarters of last year. We continue to deliver on all of our goals, and we are determined to bring ADM Tronics to the forefront of the electronic medical device industry."