First quarter revenue up at COM DEV

Posted Mar 11, 2013 07:15:43 AM.

This article is more than 5 years old.

Cambridge-based COM DEV International is out with its first quarter results this morning.

Revenue was up almost 11 per cent compared to the first quarter of 2012.
COM DEV reports revenue of over $52 million ($47.2 million in first quarter of last year).

The space hardware and services maker also says it secured close to $62 million in new orders.

“We are very pleased with the growth in earnings and gross margins in the first quarter of fiscal 2013, which reflects the results of our focus on profitability and sustainability without any legacy issues,” stated Michael Pley, President and CEO of COM DEV.

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