Norsat International (NSATF.OB) Posts Q3 Results; Anticipates Strong Q4
Norsat International Inc., a leading broadband communications solutions provider, today announced its financial results for the three-month period ended September 30, 2010. The company posted total revenues for the third quarter at $4.5 million, up 12.6 percent from $5.1 million reported in the comparable quarter of 2009. The company said consistency in the sales of its microwave products helped offset a decrease in satellite systems sales for the quarter. Third-quarter gross margin was 47.6 percent compared to 47.8 percent for the same period the year prior. The margin improvement is attributed to higher-end products and new product introductions, which generated…