- COM DEV International Ltd. (TSX:CDV) — third quarter financial results for the three-month period ended July 31, 2008 have just been announced by the Company. All amounts are stated in Canadian dollars unless otherwise noted. Third Quarter Highlights find revenue was $51.5 million, an increase of 20 percent over the $42.9 million recorded in Q3 2007. Gross margin was 23 percent, compared to 26 percent in the third quarter of 2007. Net income was $4.3 million, or $0.06 per share, compared to $2.5 million, or $0.04 per share, in the same period last year. New orders won in the third quarter were $95 million, compared to $50 million a year earlier and $42 million in the second quarter of fiscal 2008. Backlog at quarter-end was $161 million, compared to $120 million at the end of Q2 2008. Early in the quarter, COM DEV completed its US$12.2 million acquisition of the Passive Microwave Devices product line from L-3 Communications. Access the full report here...
Satnews Daily
September 12th, 2008
ORBITZ