COMARCO, Inc. (NASD: CMRO), through its subsidiary Comarco Wireless Technologies (CWT), a leading provider of products, services, and expertise to the wireless industry, reported its second quarter financial results for fiscal 2009, ending July 31, 2008. Total revenue for the quarter reached $7.6 million, up significantly from revenue of $2.1 million reported during the corresponding period in 2008.
The company’s net loss for the quarter totaled $2.1 million, or a loss of $0.29 per share, compared with a net loss of $3.1 million, or a loss of $0.43 per share, during the second quarter of fiscal 2008. The management team for Comarco continues to focus on growth and expansion and is pleased with the year-over-year improvement in continuing operations. In addition, the company anticipates improved margins during the fourth quarter of fiscal 2009.
Sam Inman, the president and chief executive officer of Comarco, recently commented in a conference call, “While we have made some significant progress with operating income and the bottom line, we all recognize here that we have more to do. We continue to focus on manufacturing efficiencies, reduction of product costs to improve gross profit margins and improvement in time-to-market. I am pleased to see the revenue growth in our businesses, but we need to continue to focus on improving the bottom line. I believe that we are headed in the right direction.”
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