- Revenue was a record $102.9 million, up 11 percent from the previous record quarter of $92.7 million and up 44 percent from $71.6 million in the third quarter of 2009.
- Gross profit was a record $36.7 million, up 30 percent from $28.2 million in the third quarter of 2009.
- EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization, including non-cash stock-based compensation) was $17.5 million or $0.27 per diluted share, up 32 percent from $13.3 million or $0.25 per diluted share in the third quarter of 2009.
- Pre-tax income was $7.9 million or $0.12 per diluted share, down from $9 million or $0.17 per diluted share in the third quarter of 2009, reflecting additional non-cash charges and operating expenses arising from the 2009 acquisitions and higher interest expense due to the company’s fourth quarter 2009 financing.
- Net income was $4.3 million or $0.08 per diluted share, compared to $5.4 million or $0.10 per diluted share in the third quarter of 2009. Per share amounts were partly affected by the higher number of shares outstanding in 2010.
TeleCommunication Systems… Financially Speaking…
[SatNews] TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) has reported results for the third quarter ended September 30, 2010. Third Quarter 2010 results…
