ENGlobal Corporation (ENG) saw its loss widen to $0.88 million in the quarter ended compared with $0.75 million a year ago.

Revenue during the quarter dropped 15.79 percent to $12.47 million from $14.81 million in the previous year period. Gross margin for the quarter expanded 258 basis points over the previous year period to 13.88 percent. Operating margin for the quarter stood at negative 13.43 percent as compared to a negative 11.59 percent for the previous year period.

Operating loss for the quarter was $1.68 million, compared with an operating loss of $1.72 million in the previous year period.

William A. Coskey, P.E., chairman and chief executive officer of ENGlobal added: "Business has remained somewhat sluggish in the sectors of the energy market ENGlobal has historically served. However, all indications are that we have seen the bottom and should trend upward from here. We remain excited about larger opportunities the Company is currently pursuing as we continue to make good progress on our multi-year goal of reshaping the Company." Mr. Coskey continued: "We have positioned ourselves to take advantage of increasing activity in our proposal pipeline by being vertically integrated from engineering and fabrication to automation and integration. With the recent addition of key personnel and infrastructure, ENGlobal now has the internal resources to deliver engineered, modularized solutions to our clients, which should be larger in scope and size than our heritage projects."