COMARCO, Inc. Reports Strong Third Quarter Financial Results

COMARCO, Inc. announced a net profit of $952,000, or 20 cents per share, for the third quarter ended October 30, 1994, exceeding the company's expectations. The company attributed its strong financial performance to the favorable response of its principal customers, major cellular telephone companies, to its wireless communications products. The company's earnings per share were up 67%, net income was up 46%, and operating income was up 54% compared to the same period last year.

Key Takeaways:

COMARCO, Inc. reported a net profit of $952,000, or 20 cents per share, for the third quarter ended October 30, 1994.
Revenues for the quarter were $18.3 million, a 11% increase from the same period last year.
The company's earnings per share were up 67%, net income was up 46%, and operating income was up 54% compared to the same period last year.
Wireless communications product sales accounted for nearly half of the company's profits in the third quarter.
COMARCO's traditional engineering and facilities management business remained steady in the quarter, with revenues and earnings up slightly from last year's third quarter.
The company has $3 million in unfilled orders for its wireless communications products, with half of these orders expected to be shipped before the end of the fiscal year.
COMARCO's new software products subsidiary, LCTI, has $700,000 in new orders and is expected to add to the company's earnings in the fourth quarter.

Statistics:

Net profit: $952,000
Earnings per share: 20 cents
Revenue: $18.3 million
Revenue growth: 11%
Earnings growth: 67%
Net income: $952,000 (up 46% from last year)
Operating income: $1.4 million (up 54% from last year)
Unfilled orders: $3 million
Expected orders to be shipped by the end of the fiscal year: $1.5 million

Sources:

COMARCO, Inc. Press Release, November 14, 1994.
COMARCO, Inc. Business Wire, November 14, 1994.