Q2 2022 Data Communications Management Corp Pre-Recorded Earnings Presentation Transcript
Our second quarter results are further evidence that our unrelenting focus on building both a better and a bigger business is paying off. I am happy to report that we had an outstanding quarter 2 with revenues up just over 23% versus last year.
Our gross profit momentum also continued to accelerate, growing 29% or up $4.6 million over a year ago. This is clear evidence of our success at growing margins despite raw materials, supply and pricing pressure. Our pipeline of business remains strong, and we expect this positive momentum to continue through the balance of 2022.
Our constant focus on cost controls continues to help us build a better business. SG&A expenses were 20.2% of revenue, a full 5.7 percentage points lower than
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