Earnings

Bottom line shines at Planet Payment

By GREGORY ZELLER // It was an up quarter to end an up year at Planet Payment Inc. Reporting Wednesday on the fourth quarter of its 2016 fiscal year, which ended Dec. 31, the Long Beach-based provider of international payment, transaction-processing and currency-processing services (Nasdaq: PLPM) noted a slight dip in year-over-year quarterly revenues – to $13.9 million, down from $15.4 million in 4Q2015 – but skyrocketing net income, which rose from $6.7 million in…

Read More

Systemax spins positives after 3Q dip

Despite impressive gains by its Industrial Products Group – including the group’s 27th consecutive quarter posting revenue growth and a nearly 10 percent increase in its sales force –Systemax Inc. swung to a third-quarter loss. Reporting Monday on its FY2016 third quarter, the Port Washington-based supplier of brand-name and private-label computers and other consumer electronics – largely through e-commerce platforms – reported net sales of $414.8 million, a 2 percent drop from the $423.3 million…


Revenues, earnings ‘solid’ at CA Technologies

A nip-and-tuck bottom-line battle between software-based revenues and subscription fees turned profitable for CA Technologies, according to the digital solutions provider’s quarterly earnings statement. Reporting Oct. 27 on the second quarter of its 2017 fiscal year, the New York City-based software maker counted $1.02 billion in quarterly revenues, a 1.3 percent increase over 2Q FY2016. North American revenues increased 2 percent year-over-year while international revenues were reported flat. As for the overall quarterly revenue increase,…


Struggling Melville maker eyes electronics

Park Electrochemical Corp.’s fiscal 2017 slump continued in the company’s second quarter, according to an earnings report issued this month. Reporting Oct. 5 on its FY2017 second quarter, which ended Aug. 31, the Melville-based maker of printed circuit boards and composite materials for aerospace manufacturers noted sagging earnings and revenues, both well off their year-prior 2Q FY2016 levels. The company reported earnings of $2 million for the FY2017 second quarter, down 56.9 percent from the…


Army extends Comtech contract

Up, down, up at ‘transformative’ Comtech

Lower income but dramatically higher sales – both attributed to a key February acquisition – set a mixed fourth-quarter tone at Comtech Telecommunications Corp. The Melville-based maker of high-tech communications systems reported earnings Thursday for its fiscal year 2016 fourth quarter, which ended July 31, and for its full fiscal year, which also wrapped up on that date. Among the fourth-quarter highlights: net sales of $152.4 million, nearly double the $77.5 million reported in 4Q…


Waiting on ginning season, Applied DNA dips

Stony Brook-based Applied DNA Sciences reported another down quarter Thursday, with company officials blaming declines on shifting demands for the biotech’s proprietary security solutions. Reporting results for the third quarter of its fiscal 2016, which ended June 30, the company noted revenues of $653,000, a 71 percent dive from the $2.3 million reported in 3Q FY2015. The lower revenues – which actually bested the $573,000 reported in 2Q FY2016, which ended March 31 – were…


Sales drop, tax bite sting Chembio Diagnostics

Medford biotech Chembio Diagnostic Systems Inc. took it on the chin in the second quarter, with steep losses attributed to declining sales for its infectious-disease detectors and a one-time, multimillion-dollar tax provision. According to quarterly financials released Thursday, the company – dba Chembio Diagnostics – reported total revenues of $3.27 million in the quarter ended June 30, a 51 percent drop from the $6.72 million reported for 2Q 2015. Quarterly product sales plunged nearly 68…