Post by
LauraDover on Mar 11, 2017 2:42pm
Sedar: 2016 year end and Q4 financials, MDA posted
Quarterly - net income of $723 thousand was the highest quarterly net income of APV as a public company. Revenue Q4 was highest-ever Q4 revenue: $16,844 thousand. This was partly due to the increased promotions of a SK telcom. Partly due to shipping 2000 units of L2 and 2000 UT880.
Profit margin for the quarter up 16.6% to 17.3% from comparitive quarter, due to product mix.
Revenue for year down 3%. Due to fewer promotions in SK, and fewer sales of UT880 in NA.
Anyway, the fourth quarter really pulled it up. It will be a very interesting conference call on Monday!