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Comtech Group (ticker: COGO) reported Q2 2005 earnings results today. Key stats from the quarter:


Q2 Results:
(all percentage changes and comparisons are year on year, unless stated otherwise)

  • Revenue rose 26.9% to $25.1 million, above consensus estimate of $24.77 million.
  • Revenue breakdown: mobile handsets - $13.2 million, telecom equipment - $10.1 million, digital tech products - $1.8 million.
  • Gross margin was 17.6% vs 14.4%.
  • Operating expenses rose 55.3% to $1.5 million.
  • SG&A expenses rose 43.1% to $1.1 million.
  • Research and development expenses rose 115.6% to $345,000.
  • Operating income rose 55.6% to $3.0 million.
  • Operating margin was 11.8% vs 9.6%.
  • Net income rose 65.8% to $2.6 million.
  • Net margin was 10.2% vs 7.8%.
  • Diluted EPS of $0.10 vs $0.08, in-line with consensus of $0.10.

Balance Sheet

  • Cash and equivalents of $8.2 million.

FY 2005 Guidance

  • Revenue growth of 35% (editor: $102.0 million).

COGO chart.

Cogo811

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Source: Comtech Group meets consensus EPS estimates, margins improve (COGO 2Q05 earnings results)