...for the six-month period ended April 30, 2012. All amounts are stated in Canadian dollars unless otherwise noted. Second quarter highlights include...

• Revenue was $50.1 million in the second quarter of 2012, a 6 percent decrease from revenue of $53.1 million in the second quarter of 2011
• Gross margin in the core Space Equipment business was 24 percent, compared to 22 percent in Q2 2011
• Net income attributable to shareholders was $5.2 million, or $0.07 per share, an increase of $4.0 million compared to $1.3 million or $0.02 per share in the second quarter of 2011
• New orders won in the second quarter totaled $59 million, compared to $28 million a year earlier and $45 million in the first quarter of 2012
• Backlog at April 30, 2012 was $134 million, plus an additional $19 million in follow-on orders expected from Authorities to Proceed (ATPs) already awarded

"Margins and profitability showed year-over-year improvement once again this quarter," said Michael Pley, CEO of COM DEV. "A healthy level of orders in the quarter, driven by strong activity in the commercial market, positions us well to grow revenue in the coming quarters. We expect revenue in the second half of the year to exceed the $97 million of first half revenues by approximately 10 percent." To read the entire financial report, download the PDF at this direct link.