Record for Comarco

Comarco Inc. posted record profits for the year and fourth quarter. The company, which provides wireless communications products, reported net income of $4.7 million, or 86 cents a share, for the fiscal year ended Jan. 31, 21% higher than the $3.9 million, or 75 cents a share, posted a year ago. Revenue increased 2% to $71.4 million from $69.8 million. Fourth-quarter net income rose 17% to a $1.4 million, or 25 cents a share, from $1.2 million, or 22 cents a share, for the comparable quarter a year earlier. Revenue was up 22% to $20.5 million from $16.8 million.