Emrise announces financial results for 2010

Emrise, a manufacturer of defence and aerospace electronic devices and communications equipment, has announced financial results for its fourth quarter and full year ended 31 December 2010.

Net sales from continuing operations in this year’s fourth quarter were $9.2m (£5.7m), an increase of more than 18 per cent from the 2010 third quarter and up approximately six per cent from net sales in the 2009 fourth quarter.

Bookings in the quarter were $17.8m (£11.1m), an increase of approximately 96 per cent from $9.1m in the 2010 third quarter and up approximately 78 per cent year over year.

The company ended the year with backlog up 60 per cent from 2009 and reported pre-tax income of $0.1m for the 2010 fourth quarter, which is an improvement compared to the pretax loss reported in the fourth quarter of 2009.