M~Wave Expects Revenue to Increase in the Fourth Quarter
BENSENVILLE, Ill., Dec 21, 2000 /PRNewswire via COMTEX/ -- M~Wave, Inc.
(Nasdaq: MWAV), a manufacturer of high performance printed circuit boards used
in wireless communications, announced today that it expects fourth quarter
revenues to be approximately $20,000,000, up from $18,000,000 in the third
quarter of 2000. Gross margins will be between 14 and 17 percent and net income
will be between 5 and 8 percent.
"We are proud to announce a record setting year," said Joseph A. Turek, Chairman
and Chief Executive Officer, "We also expect this trend continuing through the
first quarter of 2001 with revenues ranging between $20,000,000 and
$25,000,000."
The Company plans to release fourth quarter earnings on February 8, 2001
followed by its quarterly conference call on February 9, 2001, that can be heard
on www.vcall.com . |
