BATM Advanced Communications Ltd. Announces Revenue Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Year 2013
BATM Advanced Communications Ltd. announced revenue results for the first quarter ended March 31, 2013. Total revenues in the first quarter of 2013 were $27.9 million compared with $24.9 million for the equivalent period in 2012, reflecting revenue growth in both the Telecom and Medical divisions, and excluding revenues from the discontinued legacy telecom business. The blended gross margin for the quarter was 34.2%, similar to the first quarter of 2012 and higher than the gross margin for full year 2012 of 33.3%.
As a result, the Board feels confident of delivering, as expected, revenue growth for full year 2013 and significantly higher profits than in 2012.