Southwall Technologies Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue of $8.6 million, up 3% from second quarter 2009 revenues of $8.3 million and down 19% from third quarter 2008 revenues of $10.6 million. The year over year decrease was primarily due to a decline in sales of automotive and window film products primarily driven by lower market demand caused by the global economic downturn. The company posted income from operations of $1.0 million in the third quarter 2009, as compared to $0.9 million in the second quarter 2009 and $1.4 million in the third quarter 2008. Income before provision for income taxes was $693,000 compared to $1.01 million for the same period in 2008. Net income attributable to common stockholders was $588,000 or $0.02 per diluted share compared to $886,000 or $0.03 per diluted share for the same period a year ago. For the nine months ended September 30, 2009, the company reported income from operations of $1.95 million, income before provision for income taxes $4.67 million, net income attributable to common stockholders $4.13 million or $0.13 per diluted share on net revenues of $23.43 million compared to income from operations of $6.28 million, income before provision for income taxes $5.73 million, net income attributable to common stockholders of $5.03 million or $0.16 per diluted share on net revenues of $34.89 million for the same period a year ago. Net cash provided by operating activities was $4.18 million and expenditures for property, plant and equipment was $975,000 compared to net cash provided by operating activities was $6.38 million and expenditures for property, plant and equipment was $1.05 million for the same period a year ago.

Southwall Technologies Inc. announced that it will supply the high performance insulating glass for InnovisionTM Windows, a new line of residential and commercial-grade fiberglass windows introduced by Owens Corning Inc. Southwall Insulating Glass, a joint venture company formed by Southwall last year to streamline the production of super-insulating glass incorporating Heat Mirror suspended film technology, will manufacture the glass for Owens Cornings' newest window family. Innovision windows' combination of Heat Mirror insulating glass--honored by Popular Science magazine as one of the top 100 inventions of the millennium--with the industry's first fully-bonded, slim-line fiberglass frame delivers a lightweight window with maximum strength and durability, a larger glass area, and superior energy efficiency.

Southwall Technologies Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company has reported revenue of $8.3 million, down 39% from second quarter 2008 revenues of $13.7 million. The year over year decrease was primarily due to a significant decline in sales of automotive products and the impact of generally lower demand across all markets due to the global economic downturn. For the quarter, the company has reported income from operations of $0.9 million, income before provision for income taxes of $1.5 million, net income of $1.5 million and net income attributable to common stockholders of $1.4 million or $0.04 per diluted share compared to income from operations of $2.8 million, income before provision for income taxes of $2.6 million, net income of $2.3 million and net income attributable to common stockholders of $2.2 million or $0.07 per diluted share for the same period last year. Net income in the second quarter of 2009 included approximately $0.5 million of other income relating to the receipt of the final milestone payment under the Technology Transfer and Services agreement with Sunfilm. For the six months, the company has reported income from operations of $0.9 million, income before provision for income taxes of $4 million, net income of $3.8 million and net income attributable to common stockholders of $3.5 million or $0.11 per diluted share on net revenue of $14.8 million compared to income from operations of $4.7 million, income before provision for income taxes of $4.7 million, net income of $4.4 million and net income attributable to common stockholders of $4.1 million or $0.13 per diluted share on net revenue of $24.3 million for the same period last year. Net cash provided by operating activities were $1.2 million against $1.5 million reported last year.