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Genius — OpenServe

Chicago Rivet Reports $916K Loss, Going-Concern WarningBusiness — 4dChicago Rivet & Machine’s third-quarter revenue edged up 2.3% to $7.53 million, but the company swung to a $916,000 loss as lower production volumes, unfavorable product mix and rising costs sharply cut gross profit. Management warned that recurring losses and negative operating cash flow raise substantial doubt about the company’s ability to continue as a going concern; its nine-month results also showed a $2.27 million net loss and declining cash reserves.

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