California Amplifier’s 4th-Quarter Sales Up 19.3%

California Amplifier in Camarillo reported fourth-quarter sales of just over $10 million, a 19.3% increase over $8.4 million in the fourth quarter of the previous year.

The company reported net income for the quarter of $91,000 or 1 cent per share, compared to a net loss of $2.1 million or 18 cents per share for the fourth quarter of fiscal year 1998.

Sales for the year ended Feb. 27 were $37.1 million, compared with $46.9 million for fiscal year 1998. The company incurred a net loss for fiscal year 1999 of $1.4 million or 12 cents per share, compared to a loss of $2.6 million or 23 cents per share for the year ended Feb. 28, 1998.

Chief Executive Fred Sturm said the increase in sales, as well as cost-containment programs, contributed to the company’s turning a profit in the fourth quarter.

“The increase in fourth-quarter sales as compared to the prior-year fourth quarter was primarily a result of increases in satellite product sales,” Sturm said.

California Amplifier designs and manufactures amplifiers, down-converters, antennas and integrated products for the reception of microwave signals.