M2M developer Elecsys reports second quarter 2010 results

Elecsys, a developer and manufacturer of machine to machine (M2M) data acquisition, telemetry, analysis systems and custom electronic assemblies for critical industries, has announced its financial results for the second fiscal quarter ended 31 October 2010.

Sales for the quarter were $5.5m (£3.5m), an increase of 37 per cent, or of $1.5m from $4m in the second quarter of fiscal 2010.

Total sales year-to-date increased 40 per cent, or by $3m to $10.7m.

These increases resulted from both growth in bookings and backlog in custom electronic assemblies and an overall increase in sales of proprietary products and services as compared to the prior year.