2008 Summary
- Revenue increased to $18.1 million, up 10 percent from $16.5 million in 2007
- Gross margin was 51 percent, compared to 52 percent in 2007
- Operating expenses remained essentially flat at $7.1 million compared to $7.2 million in 2007
- Net earnings were $2.2 million or $0.04 per share, compared to $1.4 million, or $0.03 per share in 2007
- Opened a Research & Development facility in Daejeon, Korea
- Opened a sales office in Rome, Italy
- Expanded into new market verticals with entry into the Maritime and WiMAX sectors
- Q4 revenue was $6.3 million, compared to $4.8 million in Q4 2007
- Revenue from the Satellite Systems segment was $4.0 million, compared to $2.6 million in Q4 2007
- Revenue from the Microwave Products segment was $2.3 million compared to $2.1 million in Q4 2007 Gross margin for Q4 was 57 percent, compared to 47 percent in Q4 2007
- Operating expenses for Q4 were $2.3 million, up 15 percent from $2.0 million in Q4 2007
- Q4 net earnings were $1.3 million or $0.02 per share, compared to net earnings of $0.2 million, or $0.00 per share in Q4 2007