Byline: -- Staff report -
Colonie-based Mechanical Technology Inc. said Friday it expects a net loss for its third fiscal quarter of approximately $3.1 million, compared with net income of $869,000 a year ago.
The company described the loss as ``consistent'' with its fiscal second-quarter loss of $2.6 million.
The company made the early release because of a current offering to purchase 801,223 shares of stock. It said Friday it has received inquiries regarding the availability of over-subscription shares for its offering. The company intends to make an additional 125,000 …
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