Financial Highlights: Q2 2011 vs. Q2 2010
- Revenue of $8.6 million, up 55 percent from $5.5 million
- Excluding the impact of foreign exchange, sales increased by 74 percent
- Gross margin improved to 45 percent from 43 percent EBITDA1 increased by $1.1 million to $900,000 vs. loss of $200,000
- GAAP net income increased by $3.2 million to $200,000 vs. loss of $3.0 million
- Sequential revenue up 59 percent to $8.6 million from $5.4 million
- Gross margin declined from 49 percent to 45 percent due primarily to changes in product mix
- EBITDA1 increased by $2.5 million to $900,000 vs. loss of $1.6 million
- GAAP net income increased by $2.3 million to $200,000 vs. loss of $2.1 million