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Norsat Reports Consecutive Quarterly Profit
Norsat International Inc. reported first quarter earnings of $540,000 on revenues of $4.4 million, posting a profit for the second consecutive quarter, the company announced May 15. In the 2006 first quarter, Norsat lost $1.8 million on revenues of $2.9 million.
The company credited the improvement to the introduction of new products and buoyant sales in both business units. In the 2007 first quarter, the company’s satellite systems unit generated $2.7 million in revenues, while the microwave products unit posted revenues of $1.7 million. For the same period a year ago, sales of satellite systems and microwave products totaled $1.9 million and $1 million, respectively.
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