Profits continue for C-COM in 2015 Q3

C-COM Satellite Systems expanded its reseller base and entered new international markets in its 2015 third quarter, CEO Leslie Klein said this week, leading to an 18th straight profitable quarter for the Ottawa company.

“Our continued profitability is largely attributable to the Company's ability to produce the highest quality products, at affordable prices for our commercial customers in many different vertical markets,” Mr. Klein said in a statement.

In the three months ending Aug. 31, C-COM posted revenues of $2.8 million, down slightly from the $2.9 million posted in the same quarter last year, but net after tax profit year-over-year was up 18.8 per cent to $487,802.

As of Aug. 31, the company’s working capital was up 4.6 per cent to $20.1 million.