Pace appears to have experienced improvements in its
supply chain strategy, following an earlier profit warning.
The set top box maker issued the warning earlier this year, saying that higher supply chain costs due to Japan's earthquake and poor performance in Europe was hitting its performance.
However, in a new statement, the company said the business's outlook is improving and it is no longer making a loss.
"The impact of the Japanese tsunami on supply chain has been largely mitigated. However, a small number of at-risk components remain, and Pace continues to address issues related to the reduced profitability levels in Pace Europe," the company said.
Earlier this week, Xerox said constraints caused by the Japanese earthquake have left the company with a reduced cashflow.
Chief executive Ursula Burns blamed supply problems in Japan, as well as new client accounts needing more upfront investment, for the revised cashflow forecast.
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