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Comarco Inc., Anaheim, reported that its revenue,...

Comarco Inc., Anaheim, reported that its revenue, profit and year-end backlog reached record levels for the year ended Jan. 31. Net income was $6.1 million, which included an extraordinary gain of $4.8 million related to an exchange of common stock for convertible debentures concluded in April, 1988. In the previous year, the company had a loss of $13.8 million, which it attributed to write-offs of non-productive assets, reserves for office lease commitments and the restructuring of several business units. Revenue in the recent year rose 17% to $88.7 million from $76 million. With the award of the largest contract in the company’s history, a $134-million contract to provide engineering services to the Naval Weapons Center in China Lake, Calif., Comarco’s backlog was $233 million, 98% higher than the prior year-end backlog. Net income for the fourth quarter was $343,000, contrasted with the loss of $3.2 million for the comparable period last year. Revenue increased 31% to $23.6 million from $18 million. Harrison Young II, president, said: “I’m very pleased with this past year’s record performance, and I’m optimistic about our future. Reversing the trend of the 2 previous years, Comarco was profitable in all 4 quarters.” Comarco provides engineering and computer-based services and products to the government, commercial and industrial markets.


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