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Satnews Daily
October 20th, 2009

Financially Speaking... C-COM Satellite Systems...


C-COM Satellite Systems Inc. (TSXV: CMI) has reported revenues of $2,058,613 for its third quarter ended August 31, 2009 and a net income of $358,460 or $0.011 per share compared with results from the same quarter last year, when total revenues were $2,395,134 and net income was $780,622, or $0.024 per share. Sales this quarter have decreased by 14 percent, while net income has decreased 54 percent over the same period last year. For the three quarters ended August 31, 2009 the company increased sales by 17.7 percent over the same period last year, achieving year to date sales of $6,778,091 compared with year to date sales for the three quarters ended August 31, 2008 of $5,759,423. Net Income has decreased 16.7 percent to $860,036 year to date compared to $1,032,344 for the same period last year. Net Ordinary Income for the three quarters ended August 31, 2009 has increased by 98.5 percent to $1,215,729 from $612,485 for the same period last year.