Mikros Systems Corporation Announces Earnings Results for the First Quarter Ended March 31, 2019
Mikros Systems Corporation announced earnings results for the first quarter ended March 31, 2019. For the period, the company reported revenues of $2,020,265 compared to $2,490,660 a year ago. Revenues in the first quarter of 2019 consisted entirely of engineering and support services which exceeded service revenue in the first quarter of 2018 by $444,642 or 28%. The decrease in total Revenue was due primarily to ADEPT unit orders in the first quarter of 2018 without corresponding orders in the first quarter of 2019. Net income was $80,805 compared to $153,305 a year ago.