Radyne Comstream is Delivering Superior EPS Growth....FYI...
quicken.com
Here are some key passages from the announcement a few weeks ago....
<<For the quarter ended Dec. 31, 1999, revenues increased 49% on record sales of approximately $16.6 million compared to $11.1 million for the quarter ended Dec. 31, 1998. Net earnings were $1.4 million, or $.13 per share on 10.5 million shares, compared to a loss of $11.7 million, or $1.98 per share on 5.9 million shares for the same period.
Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to $2.4 million from a loss of $10.5 million for the prior fourth quarter.
For the year ended Dec. 31, 1999, revenues increased 164% on record sales of approximately $55.8 million, as compared to $21.1 million for 1998. Net earnings were $2.3 million, or $.32 per share, compared to a loss of $14.5 million, or $2.45 per share in 1998.
Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to $6.9 million from a loss of $12.3 million for the prior 12 months.
Quality of earnings improves
Bob Fitting, president and chief executive officer, commented, "We are extremely pleased with our fourth quarter and twelve month results. The growth in both top-line and bottom-line numbers is the result of our relentless focus on profitability. This has been further reinforced by the dramatic improvement in the quality of our earnings, as witnessed by the increase in our gross margins.">>
I LOVE that focus on dramatically increasing BOTH the top and the bottom line. The RADN CEO seems to have 'a relentless focus on profitability'....Hmmm....That sounds pretty good to me <G>. A CEO who can scale up a business quickly AND make money at the same time is my kind of leader...
Best Regards,
Scott |
