Technology Research Corporation Announces Record Revenues for Third Fiscal Quarter
Tuesday February 1, 8:01 am ET
CLEARWATER, Fla.--(BUSINESS WIRE)--Feb. 1, 2005--Technology Research Corporation (TRC), (NASDAQ:TRCI - News) today announced record quarterly revenues for the third quarter ended December 31, 2004. Revenues for the quarter were $9,704,795, compared to $5,805,556 reported in the same quarter last year, an increase of 67%. Commercial revenues increased by $4,046,785 and military revenues and royalty income decreased slightly by $116,960 and $30,586, respectively. Net income for the current quarter was $162,913, compared to $680,388, for the same quarter last year, a decrease of 76%. Basic and diluted earnings were $.03 per share for the current quarter compared to basic earnings of $.12 per share and diluted earnings of $.11 per share for the same quarter last year.
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