- Increased revenues associated with an expansion of services provided under a contract with a major transportation company; and
- Expansion of aviation related security services at LaGuardia Airport.
Command Security Corporation (NYSE MKT: MOC) announced today its financial results for its first fiscal quarter of 2014 ended June 30, 2013. For the three months ended June 30, 2013, revenues increased 6.5% to $37,961,495, compared with revenues of $35,641,679 in the same period of the prior year. Operating income for the three months ended June 30, 2013 decreased to $238,843, compared with $513,782 in the same period of the prior year. Net income decreased to $33,233, or $0.00 per basic and diluted share, compared with $231,268, or $0.02 per basic and diluted share in the same period of the prior year. The increase in revenues for the three months ended June 30, 2013, as compared with the corresponding period of the prior year was due primarily to the following events: