RF Monolithics: "Sales into the satellite radio application were the growth driver for this annual increase"

RF Monolithics Reports Fourth Quarter and Fiscal Year 2006 Results
Reports Profitable Year and 17% Year-over-Year Sales Growth
DALLAS, Oct 12, 2006 (BUSINESS WIRE) --

RF Monolithics, Inc. (RFMI) today reported sales for the fourth quarter ended August 31, 2006, were $14.5 million compared with sales of $11.5 million in the fourth quarter of the prior year and sales of $14.7 million reported for the third quarter of fiscal year 2006. Sales for the year ended August 31, 2006, were $54.2 million compared with sales of $46.2 million for the year ended August 31, 2005.
Net income for the fourth quarter ended August 31, 2006, was $77,000, or income of $0.01 per diluted share, compared to a net loss of $202,000, or $0.03 per diluted share, for the fourth quarter of the prior year. Net income for the year ended August 31, 2006, was $581,000 or $0.07 per diluted share, compared to the net income of $484,000 million or $0.06 per diluted share for the prior year.
David M. Kirk, President and CEO of RF Monolithics, Inc., commented, "We reported strong performance this year with near record annual sales and an increase of 17% over the prior year. Sales into the satellite radio application were the growth driver for this annual increase. Our cost reduction initiatives throughout the year enabled us to maintain our gross margins in some very competitive markets and to report a profitable year. We ended the year with a very strong balance sheet that allowed us to acquire businesses with portfolios of wireless modules, box products and asset management software platforms and services. ...read more: here

10/12/2006 11:53:00 PM

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