RELM Wireless Corp. (NYSEMKT:RWC) posted disappointing second quarter 2013 results, with revenue declining 34% y/y to $6.2 million vs. last year's strong quarter of $9.3 million. EPS came in at $0.01 vs. last year's $0.09 in EPS. This was particularly disappointing relative to management's optimism on the 2013Q1 conference call, during which the Chairman discussed a goal of exceeding last year's strong results in the second quarter. However, the shortfall was not a complete surprise, given that the company has a history of issuing press releases for contract wins in excess of $1 million, and there were no such press releases during the entire second quarter. Unfortunately, we also have not seen any contract win press releases...
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