SmallCAPS.us Sends Update Report on AML Communications, Inc. (AMLJ.OB)
The first quarter results of AML Communications reveals the company’s success with its new products as net sales rose to $2.65 million and net profit reached $160,000. The company’s newly acquired subsidiary, Mica-Tech reported revenues of $45,000 and announced that it received a relatively big order which will positively impact the next quarter results. AML Communications designs and manufactures an array of military-grade microwave amplifiers and subsystems for the defense industry. Its extensive range of microwave low noise amplifiers and power amplifiers can be found in leading defense projects. According to a government-funded institute, world military spending is expected to…