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EF Johnson Technologies, Inc.
EF Johnson Technologies, Inc. Announces First Quarter 2010 Financial Results, Acquisition Agreement, and Loan Amendment
June 5th, 2010
EF Johnson Technologies, Inc. (NASDAQ:EFJI) announced its results for the first quarter ended March 31, 2010.
Our revenues increased $7.3 million, or 33%, to $29.3 million for the three months ended March 31, 2010 from $22.1 million for the same period in 2009. The increase was attributable to increased State and Local LMR revenues relating to certain delayed shipments from the fourth quarter of 2009 and increases associated with government services revenues, partially offset by lower federal LMR revenues.
Our gross profit increased $3.0 million, or 41%, to $10.4 million in the three months ended March 31, 2010 from $7.4 million for the same period in...
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Source: Investment Weekly News (2010-06-05)