C-COM Satellite Systems Inc. (TSXV: CMI) has reported revenues of $3,238,156 for its second quarter ending May 31st, 2009, which represents an increase of 78 percent over the same period last year.
The company is also reporting an operating income of $887,877, an increase of 415 percent or 2.7 cents per share, compared with results from the same quarter last year, when total revenues were $1,822,662 and there was an operating profit of $172,245 or 0.5 cents per share. Net income for the quarter ended May 31, 2009 is $501,432 as compared with reported net income of $213,587 for the same period last year, which represents an increase of 135 percent. This is the 21st consecutive profitable quarter for the company. The working capital of the company has increased to $6,437,335 from $3,892,691 over the same period in 2008. The company continues to remain debt free with a healthy cash position.
