AML Communications recently announced results for the second quarter ended September 30, 2007. Net sales for the quarter totaled $3.20 million, which is a 49% increase from the same period last year. The company also reported a profit of $104,000, or 0.01 per share, a significant improvement from last year’s net loss of $32,000.
Revenues for the quarter were higher due to an increased amount of bookings for the core defense business and revenue contribution from the company’s subsidiary, Mica-Tech. The increased bookings were reported during the last three quarters and are expected to positively impact future revenues as many of them are related to long term contracts.
Growth is expected to continue for both the Camarillo and Santa Clara divisions as well as the Mica-Tech subsidiary. SmallCAPS.us gave the stock a “Buy” recommendation and stated, “AMLJ returned to profitability. We believe this trend will continue in the quarters to come.”
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