Norsat Reports First Quarter Financial Results
[Via Satellite 05-09-2014] Norsat announced its financial results for the first quarter of 2014 ending on March 31. Revenue for the quarter increased by 9 percent to $9.1 million compared to $8.4 million for the first quarter 2013. The company launched several new products during the quarter, including the Atom series of Ku-band Block Upconverters (BUCs) and Solid State Power Amplifiers (SSPAs), as well as the 700 – 800 MhZ TXC series of Ceramic Combiners.
First quarter gross margin percentages were 41 percent, compared to 40 percent for the respective period in 2013. The company decreased total expenses to $1.7 million from $3 million for Q1 2013.