RELM Wireless (RWC) Reports Q4 EPS of $0.02
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RELM Wireless Reports 2015 Full Year and Fourth Quarter Results
March 2, 2016 4:30 PM ESTWEST MELBOURNE, Fla., March 2, 2016 /PRNewswire/ --Â RELM Wireless Corporation (NYSE MKT: RWC) today announced financial and operating results for the quarter and year ended December 31, 2015.
For the year ended December 31, 2015, sales totaled approximately $29.7 million, compared with approximately $31.0 million for 2014. Net income for the year ended December 31, 2015 totaled approximately $1.0 million, or $0.08 per diluted share, compared with $1.6 million, or $0.12 per diluted share, for the prior year.
Gross profit margin for 2015 was 41.3% of sales, versus 42.6% of sales in the previous year. Selling, general and administrative expenses totaled approximately $10.9 million (36.5% of sales) in 2015, compared with... More
