INGATE

From The Sip Trunking Experts

TMCNet:  Elecsys Posts 2nd Quarter Financial Results

[December 12, 2012]

Elecsys Posts 2nd Quarter Financial Results

Dec 13, 2012 (Close-Up Media via COMTEX) -- Elecsys Corp., a provider of machine to machine (M2M) communication technology solutions, data acquisition systems, and custom electronic equipment for critical industrial applications worldwide, announced the financial results for its second fiscal quarter ended October 31.


In a release on December 10, the Company reported that sales for the quarter were $6,138,000, which was almost identical to the $6,133,000 in sales during the second quarter of fiscal 2012. Total sales year-to-date decreased 12 percent, or $1,411,000, to $10,395,000. The overall decrease in year-to-date sales was the result of decreased sales experienced during the first quarter of the year.

Operating income for the quarter was $700,000, compared to operating income of $483,000 for the same quarter in the prior year. For the first six months of fiscal 2013, operating income was $471,000, a decrease from $871,000 reported in the first six months of fiscal 2012.

Net income was $413,000, or $0.11 per diluted share, for the quarter ended October 31. For the quarter ended October 31, 2011, net income was $278,000, or $0.07 per diluted share. For the six-month period ended October 31, net income totaled $252,000, or $0.06 per diluted share, while for the comparable prior year period net income was $491,000, or $0.13 per diluted share.

Sales of proprietary products and services were $3,148,000 for the quarter ended October 31, an increase of 33 percent, or $787,000 from the previous year quarter. Proprietary product sales increased $130,000, or 3 percent, to $4,854,000 for the six-month period ended October 31, compared to $4,724,000 in the comparable period of the prior fiscal year. Sales of wireless remote monitoring and industrial data communication solutions increased almost 22 percent, or $393,000, from the previous year to $2,192,000 for the current quarter. This overall increase in sales was driven by increased customer orders for Watchdog remote monitoring equipment and recurring data management services combined with increased sales of Director series products. In addition, sales of Radix and eXtremeTAG mobile data acquisition solutions increased by $417,000, or 97 percent, for the period as compared to the prior year.

Sales for the Company's custom Electronic Manufacturing Services (EMS) business segment decreased 21 percent to approximately $2,990,000 for the quarter ended October 31, a decrease of $782,000 from $3,772,000 in the prior fiscal year. Fiscal year-to-date EMS sales were $5,541,000, a decrease of 22 percent, or $1,541,000, from $7,082,000 in the six-month period ended October 31, 2011.

Karl B. Gemperli, Chief Executive Officer, said, "We are pleased to report this latest fiscal quarter which reflects revenue growth, enhanced gross margin, and a substantial increase in earnings compared to last year. Sales increased 44 percent over the first quarter with strong growth in our proprietary products and services, including our wireless remote monitoring, secure industrial communication, and mobile data acquisition product sales. Elecsys continued to reliably deliver innovative, dependable products to our select OEM partners during the quarter as we build stable, long-term business in our electronic design and manufacturing services segment." Gemperli continued, "With the return of meaningful growth in our national economy still uncertain, we are steadfast in our resolve to expand Elecsys through targeted strategic investments. We remain committed to developing new products and technologies and expanding sales of both proprietary and OEM products into new markets with substantial new business potential. Although economic uncertainties still abound, we anticipate positive trends in both revenues and earnings during the coming quarters." More information: www.elecsyscorp.com ((Comments on this story may be sent to newsdesk@closeupmedia.com))

[ Back To SIP Trunking Home's Homepage ]

Loading
Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner


Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.