Electronic Systems Technology, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 04:48 pm
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Electronic Systems Technology, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 457,003 compared to USD 245,497 a year ago. Operating loss was USD 4,314 compared to USD 93,363 a year ago. Net income was USD 146,370 compared to net loss of USD 81,875 a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.02 a year ago. For the half year, sales was USD 881,779 compared to USD 519,464 a year ago. Operating loss was USD 493 compared to USD 207,132 a year ago. Net income was USD 151,052 compared to net loss of USD 192,181 a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.04 a year ago.
Electronic Systems Technology, Inc. is specialized in the development and manufacturing of digital data (non-voice) radio transceivers for use in industrial wireless networking applications. The Companyâs ESTeem line of products provides communication solutions for harsh environment applications not served or that are underutilized by conventional, commercial grade communication systems. Its products are part of the ESTeem Industrial Wireless Solutions for commercial, industrial, and government arenas both domestically and internationally. ESTeem industrial wireless products provide communication links between computer networks, network enabled devices and mobile devices without cables. It manufactures nine models of the ESTeem industrial wireless modems that operate in frequencies from 150 megahertz (MHz) to 5.8 gigahertz (GHz). The Companyâs product offerings include ESTeem Models, such as 210M, 195M, 195C, 195H, Horizon900, Horizon2.4MIMO, Horizon4.9, Horizon5.8, and Edge900.
ELECTRONIC SYSTEMS TECHNOLOGY, INC. 
