Bioconnect Medical Cabling and Interconnect sales increased 11% to a first quarter record $674,000 compared to $608,000 in the same period last year. Higher sales raised gross margin to 41%, compared to 37% of sales, and operating income was up 36% to $182,000 from $134,000 in the same period last year.RF Wireless sales increased 169% to a first quarter record $337,000 from $125,000 in the first quarter last year as RadioMobile commenced delivering product for the Los Angeles County Fire Department wireless system upgrade. The bulk of the remaining approximate $2,350,000 in revenue associated with this contract is expected to be recognized in the current fiscal year. Gross margin improved to 35% from 32% of sales and the operating loss for this segment was cut in half to $108,000 from $231,000 in the same quarter last year. RadioMobile recently delivered a web-based reporting system for a large security services firm and, separately, received a contract to design, build and test a private shared wireless network in California.
RF Industries Reports First Quarter Results
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