Looking at our cash flow and balance sheet, during the second quarter of fiscal 2011, cash provided by operating activities was $0.4 million and our net debt position was $8.1 million, unchanged from the first quarter.Moving on to our Satellite business, revenues of $11.4 million were up 15% compared to the same period last year, and up 8% compared to the first quarter. The gross margin percentage for Satellite products improved to 10% in the second quarter, but remained below longer term historical levels, due in large part to the lower revenue run rate resulting in lower absorption of manufacturing overhead costs.
CalAmp CEO Discusses F2Q2011 Results - Earnings Call Transcript
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