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Article: Micronetics Reports Second Quarter Results for Fiscal Year 2010.(Financial report)
- Article from:
- Defense & Aerospace Week
- Article date:
- November 18, 2009
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Micronetics, Inc. (NASDAQ:NOIZ) reported results for its thirteen and twenty-six weeks ended September 26, 2009.
Net sales for the second quarter (Q2 FY2010) were $8.8 million, an increase of 35% or $2.3 million compared to $6.5 million for Q2 FY2009. The increase in net sales for Q2 FY2010 is primarily due to an RFID beta product sale, a space based contract, and sales of integrated component sub-systems and components, of approximately equal amounts.
For Q2 FY2010 the Company reported net income of $186,323 or $0.04 per diluted share, as compared to a net loss of ($66,600) or ($0.01) per diluted share for Q2 FY2009.
Net sales for the ...
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