- Revenue was $54.2 million, an increase of 40 percent over the $38.6 million recorded in Q2 2007
- Gross margin was 22 percent, compared to 19 percent in the second quarter of 2007
- Net income was $2.0 million, or $0.03 per share, compared to a loss of $1.4 million, or $0.02 per share, in the same period last year
- New orders won in the second quarter were $42 million, compared to $81 million a year earlier and $33 million in the first quarter of fiscal 2008
- Backlog at quarter-end was $120 million, compared to $133 million at the end of Q1 2008
- Subsequent to the end of the quarter, COM DEV announced that it had completed its US$12.2 million acquisition of the Passive Microwave Devices product line from L-3 Communications
Financially Speaking… COM DEV International…
COM DEV International Ltd. (TSX:CDV) has announced its Q2 financial results for the three-month period ended April 30, 2008. All amounts are stated in Canadian dollars unless otherwise noted. The Q2 highlights include:
