Elecsys Posts a 44% Drop in Q2 Revenue
Published: 15 December 2009
by Staff
OLATHE, KS – Elecsys Corp. reported a fiscal second-quarter loss, with a drop in revenue of 44% year-over-year.
The electronic design and manufacturing company posted sales of $4 million for the quarter, with a loss of $322,000, compared with earnings of $424,000 during the same period of 2008.
The company's EDMS sales were $2.3 million, down 25% from the prior year.
The company cited the general economy for the decline.
Elecsys expects to begin shipping the FW950 handheld computer in the current quarter.
