RELM Wireless (RWC) Reports Q1 EPS of $0.04
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RELM Wireless Reports First Quarter 2016 Results
May 4, 2016 4:30 PM EDTWEST MELBOURNE, Fla., May 4, 2016 /PRNewswire/ --Â RELM Wireless Corporation (NYSE MKT: RWC) today announced its financial and operating results for the first quarter ended March 31, 2016.
For the first quarter ended March 31, 2016, sales increased 40.7% to approximately $12.1 million, compared with $8.6 million for the first quarter of 2015. Net income for the first quarter 2016 totaled approximately $513,000, or $0.04 per diluted share, compared with net income of approximately $538,000, or $0.04 per diluted share, for the same quarter last year.Â
Gross profit margin for the first quarter 2016 was 31.7% of sales, compared with 42.9% of sales for the same quarter last year. Selling,... More
