Elecsys Corp. (ESYS: Quote) reported that its third-quarter net income was $716,000, or $0.18 per share up from $262,000, or $0.07 per share in the prior year quarter. Sales for the quarter were $7.46 million, which was an increase of 43%, from sales of $5.22 million during the third quarter of fiscal 2012.
The company expects that total sales for its proprietary products and services will continue to increase as a result of its continued investments in both sales and marketing and new product development. The company anticipates that its wireless remote monitoring solutions and industrial data communications product lines will generate increased sales over the next few quarters.
The company also believes that EMS sales will grow modestly over the longer term based upon the current scheduled orders in backlog, the anticipated addition of new EMS customers, and renewed investment in sales and marketing that will focus on customers that can benefit from the Company’s proprietary technology solutions.
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by RTT Staff Writer
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