Amerigon, maker of heated and cooled seats for OEMs and, recently, the aftermarket, reported a first half 2009 net loss of US$1.8m compared with net income of $2.6m last year period.
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Revenues were down to $20.9m, from $34.2m, and gross margin was 24% versus 32%.
Second quarter 2009 saw the introduction of several new vehicle models featuring the supplier’s seat systems including the first Kia vehicles plus the launch of aftermarket heated and cooled and heated and ventilated seats in partnership with Austin, Texas-based Classic Soft Trim.
“We are more optimistic about the second half of the year,” said president and CEO Daniel Coker.
“We believe our new venture in the automotive aftermarket is the start of a very successful partnership. Overall, our objective is to continue to enter new markets that will diversify us from automotive seats and, ultimately, to emerge as a stronger company as the economy recovers.”
