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EIP Microwave Inc. reported net income of...

EIP Microwave Inc. reported net income of $429,000 for the third quarter ended June 30, contrasted with a net loss of $560,000 for the same period a year ago. Sales rose 31% to $3.7 million from $2.8 million. Net income for the nine months totaled $478,000, contrasted with a net loss of $1.7 million for the like period last year. Sales increased 29% to $10.2 million from $7.9 million. The current nine-month results include a pretax charge to operations of $1.1 million resulting from the write-down of assets associated with the company’s realignment of technical, financial, and management resources. The results also reflect a gain of $748,000 from an accounting change. EIP Microwave, with headquarters in Newport Beach, makes microwave test and measurement instruments used in the defense and telecommunications industries.


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