COM DEV’s Q3 results
Posted Sep 6, 2013 07:39:20 AM.
This article is more than 5 years old.
Cambridge-based COM DEV International Ltd. is out with its third quarter results.
Revenue was $54.2 million, down slightly from $54.5 million in revenue during the same quarter in 2012.
COM DEV received new orders of over $36 million during the quarter,
“Revenue was down slightly from last year due to less satellites being awarded in the first half of the year,” said Michael Pley, CEO of COM DEV. “Despite this, we achieved solid growth in net income and gross margin. Announcements of new satellites have increased in the second half of the year which, as these are awarded, we expect will translate into revenue growth later this year and into the next fiscal year.”
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