CAMP reports 147% Y/Y revenue growth and 493% EPS Growth
Be sure to read the post that I am responding to for
more of a breakdown on CAMP's business units.
Thursday June 8, 4:10 pm Eastern Time
Company Press Release
SOURCE: California Amplifier, Inc.
California Amplifier Reports Fiscal 2001 First Quarter Results; Highest Quarterly Sales and Net Income in Company History
CAMARILLO, Calif., June 8 /PRNewswire/ -- California Amplifier, Inc. (Nasdaq: CAMP - news) today reported results for its first quarter ended May 27, 2000. Sales for the quarter increased 147% to $32,284,000, from $13,093,000 for the first quarter of the prior year. First quarter net income increased 493% to $2,122,000, or $.15 per fully diluted share, compared to net income of $358,000, or $0.03 per share, for the first quarter ended May 29, 1999.
Fred Sturm, Chief Executive Officer, commented, ``Sales of Satellite products in the first quarter were at record levels, and increased 20% sequentially from the fourth quarter. This is due to continued strong demand for U.S. satellite products and our entry into certain European markets, supported by expansion of our supplier base for key electronic components. Additionally, first quarter sales of Wireless Access products increased due to shipments of MMDS fixed broadband wireless transceiver products to operators performing field trials and to various commercial deployments in North America. Despite higher material procurement and manufacturing costs, strong first quarter sales resulted in sequential quarterly improvement in operating income and earnings per share.''
California Amplifier, ISO 9001 certified, designs, markets and manufactures a broad line of microwave amplifiers, downconverters, antennas, and integrated fixed point solutions used primarily in conjunction with satellite video and terrestrial broadband applications. The Company's Satellite business unit designs and markets reception components for the worldwide DBS television market as well as consumer and commercial products for C-band and Ku-band applications. The Wireless Access business unit designs and markets integrated reception and two-way transmission MMDS solutions for video, voice, data, telephony and networking applications. Micro Pulse, a consolidated 50.5% ownership investment, designs, markets and manufactures antennas for a broad range of wireless applications historically for GPS applications. For additional information, visit California Amplifier's Web site at www.calamp.com. |
