The Company serves global customers primarily through three business units: Sinclair Technologies, Satellite Solutions and Microwave Products. All financial results are reported in U.S. dollars and have been prepared in accordance with International Financial Reporting Standards (“IFRS”), unless otherwise stated.

“Our financial results continued to strengthen in the second quarter of 2012, with revenue growth in both the Sinclair Technologies segment and our Microwave Products segment helping to drive improved performance,” said Dr. Amiee Chan, Norsat’s President and CEO. “Consolidated revenue increased 22 percent to $10.5 million and EBITDA improved by 41 percent to $0.7 million, compared to the same period last year. This represents our 23nd straight quarter of positive EBITDA.

“Our Sinclair division, which was acquired on January 21, 2011, continued to perform above historical norms. Sales improved due to continued demand across all product lines. This segment has helped to diversify our product lines with antenna and RF conditioning products. It has also firmly positioned Norsat in the commercial market, and particularly with the public safety and transportation market sectors. Microwave Products segment also posted significant gains during the quarter, reflecting increased demand for products including our customized Ka-band receivers. We also successfully responded to a customer request for products suitable for airborne applications, tapping a new market in the process,” said Dr. Chan. To read the entire financial report, access this direct web page link.