SSPA from Norsat ATOM Series. Photo: Norsat

[Via Satellite 08-07-2014] Norsat earned $9.6 million in revenue during the second quarter of 2014, up 11 percent from $8.6 million the same time last year. Non-military revenues increased 17 percent as a result of market diversification. Adjusted EBITDA rose from $0.8 million to $1.3 million compared to Q2 2013.

Two of Norsat’s three primary business units, Sinclair Technologies and Microwave Products, saw year over year increases in sales. The company’s third main business unit, satellite solutions, experienced a decrease in sales attributable to limited military spending.

“Our microwave products division experienced accelerated growth in the quarter with revenues doubling from a year ago, reflecting sizable deliveries of the new line of ATOM products to Harris Corporation and other customers,” said Amiee Chan, president and CEO of Norsat. “This growth, combined with a slight improvement in our Sinclair Technologies segment, helped offset decreased revenues from military customers during the quarter.”