COMARCO Inc. (CMRO, Financial) filed Quarterly Report for the period ended 2010-10-31.
Comarco Inc. has a market cap of $4.3 million; its shares were traded at around $0.59 with and P/S ratio of 0.2. Comarco Inc. had an annual average earning growth of 57.7% over the past 5 years.
Revenue for the three months ended October 31, 2010 decreased by $2.1 million, or 27 percent, compared to the corresponding periods of fiscal 2010. The decrease is attributable to reduced shipments to Targus during the third quarter of fiscal 2011 due to softness in the retail markets that Targus serves. Revenue for the nine months ended October 31, 2010 increased by $8.6 million or 50 percent, primarily due to increased shipments to Targus during the first six months of the current fiscal year. Our volumes to Targus peaked in the second quarter of fiscal 2011 and the sell-through at retail has declined in the third quarter of fiscal 2011. We currently have no existing unfulfilled purchase orders for delivery of our Manhattan product to Targus. Additionally, revenue to Lenovo increased during the three and nine months ended October 31, 2010 compared to the corresponding periods of the prior fiscal year. This is due, in part, to the introduction of the Y-cable pairing with the new ultra slim and light product in the current fiscal year. Finally, during the second quarter of fiscal 2011 we began shipments of a 90-watt auto-air DC adapter to Dell. Sales to Dell accounted for $178,000 and $456,000 of total revenue for the three and nine months ended October 31, 2010, respectively, and are reported in Other Revenue in the table above.
increased by $7.6 million, or 55 percent compared to the corresponding period of fiscal 2010. This increase is primarily attributable to the increase in sales for the nine months ended October 31, 2010 of 50 percent compared to the comparable prior year period. During the three and nine months ended October 31, 2010, our fixed supply chain overhead costs increased by $0.2 million and $0.8 million or 38 percent and 46 percent, respectively, when compared to the fixed supply chain overhead costs in the comparable prior year periods. These increases are due to additional personnel needed to assist with procuremen
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Comarco Inc. has a market cap of $4.3 million; its shares were traded at around $0.59 with and P/S ratio of 0.2. Comarco Inc. had an annual average earning growth of 57.7% over the past 5 years.
Highlight of Business Operations:
We have a history of net losses and our future is dependent upon our ability to achieve, and sustain, overall profitability. We have experienced substantial pre-tax losses from continuing operations for the nine months ended October 31, 2010 and 2009 totaling $2.1 million and $4.0 million, respectively. Further, during the fourth quarter of fiscal 2010, we recorded an accrual of $4.6 million related to a product safety recall. Our future is highly dependentRevenue for the three months ended October 31, 2010 decreased by $2.1 million, or 27 percent, compared to the corresponding periods of fiscal 2010. The decrease is attributable to reduced shipments to Targus during the third quarter of fiscal 2011 due to softness in the retail markets that Targus serves. Revenue for the nine months ended October 31, 2010 increased by $8.6 million or 50 percent, primarily due to increased shipments to Targus during the first six months of the current fiscal year. Our volumes to Targus peaked in the second quarter of fiscal 2011 and the sell-through at retail has declined in the third quarter of fiscal 2011. We currently have no existing unfulfilled purchase orders for delivery of our Manhattan product to Targus. Additionally, revenue to Lenovo increased during the three and nine months ended October 31, 2010 compared to the corresponding periods of the prior fiscal year. This is due, in part, to the introduction of the Y-cable pairing with the new ultra slim and light product in the current fiscal year. Finally, during the second quarter of fiscal 2011 we began shipments of a 90-watt auto-air DC adapter to Dell. Sales to Dell accounted for $178,000 and $456,000 of total revenue for the three and nine months ended October 31, 2010, respectively, and are reported in Other Revenue in the table above.
increased by $7.6 million, or 55 percent compared to the corresponding period of fiscal 2010. This increase is primarily attributable to the increase in sales for the nine months ended October 31, 2010 of 50 percent compared to the comparable prior year period. During the three and nine months ended October 31, 2010, our fixed supply chain overhead costs increased by $0.2 million and $0.8 million or 38 percent and 46 percent, respectively, when compared to the fixed supply chain overhead costs in the comparable prior year periods. These increases are due to additional personnel needed to assist with procuremen
Read the The complete Report
