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TeleCommunication Systems Inc. (NASDAQ:TSYS), a world leader in highly reliable and secure mobile communication technology, reported results for the second quarter ended June 30, 2011. Revenue was $100.7 million, up 9% from $92.7 million in 2010's second quarter. Services revenue was up 20% on higher volume from satcom, cyber security, and LBS technology deliverables. Gross profit was $38.1 million, up 15% from $33.2 million, and represents the company's highest quarterly gross profit to date. EBITDA (Earnings before Interest, Taxes, Depreciation, Amortization and non-cash stock-based compensation) was $14.9 million versus $15.4 million in Q2-10.
TeleCommunication Systems, Inc. develops and applies secure mobile communication technology in the United States and internationally. The company operates in two segments, Commercial and Government.
ESB Financial Corporation (Nasdaq:ESBF), the parent company of ESB Bank, announced earnings for the quarter ended June 30, 2011 of $0.29 per diluted share on net income of $4.3 million as compared to earnings of $0.27 per diluted share on net income of $4.0 million for the quarter ended June 30, 2010, a 7.4% increase in net income per diluted share. The Company's annualized return on average assets and average equity were 0.88% and 9.70%, respectively, for the quarter ended June 30, 2011, compared to 0.82% and 9.30%, respectively, for the quarter ended June 30, 2010. For the six month period ended June 30, 2011, the Company realized earnings of $0.55 per diluted share on net income of $7.9 million compared to earnings of $0.51 per diluted share on net income of $7.3 million for the same period in the prior year, a 7.8% increase in net income per diluted share. The Company's annualized return on average assets and average equity were 0.82% and 9.20%, respectively, for the six month period ended June 30, 2011, compared to 0.75% and 8.65%, respectively, for the six months ended June 30, 2010.
ESB Financial Corporation operates as a thrift holding company for ESB Bank that provides retail and commercial financial products and services in Western Pennsylvania.
Golub Capital BDC Inc., (NASDAQ:GBDC), announced that it will report its financial results for the third fiscal quarter ended June 30, 2011 on Monday, August 8, 2011 before the open of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 1:00 p.m. (Eastern Time) on Monday, August 8, 2011 to discuss the quarterly financial results. All interested parties may participate in the conference call by dialing (888) 225-2703 approximately 10-15 minutes prior to the call; international callers should dial (303) 223-2680. Participants should reference Golub Capital BDC, Inc. when prompted. An archived replay of the call will be available shortly after the call until 2:30 p.m. (Eastern Time) on September 2, 2011. To hear the replay, please dial (800) 633-8284. International dialers, please dial (402) 977-9140. For all replays, please reference program ID number 21532714.
Golub Capital BDC, Inc. principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors.
Cleantech Transit Inc (OTCPK:CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Biomass is a clean renewable energy resource derived from the waste of various human and natural activities. The use of biomass can help reduce Global Warming. Plants use and store carbon dioxide (CO2) when they grow. When it burns or decomposes, it releases the CO2. Replanting plants, crops or trees etc. ensures that the C02 is reused. If the plants are not replanted the biomass will disrupt the natural carbon equilibrium and thus continue to contribute towards Global Warming.
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about CLNO, visit www.cleantechtransitinc.com
FFD Financial Corp. (Nasdaq:FFDF) announced that on July 19, 2011, the Board of Directors declared a dividend of seventeen cents ($0.17) per share to shareholders of record on August 1, 2011, payable on August 15, 2011. The rate of $.17 per share represents the same dividend rate paid for the same period the prior year. This is the sixty-second consecutive quarter FFD Financial Corporation has paid a dividend.
FFD Financial Corporation is traded on the NASDAQ Capital Market under the symbol FFDF. First Federal Community Bank has full service offices in downtown Dover, downtown New Philadelphia, on the Boulevard in Dover, in Sugarcreek, and in Berlin. The Corporation maintains an interactive web site at www.onlinefirstfed.com.
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