AML Communications Cites Slowdown, Loss

AML Communications in Camarillo reported net sales of $2 million for the third quarter ended Dec. 31, down from $3.6 million for the same period a year earlier.

AML also reported a net loss for the quarter of $520,000, or 8 cents per share, compared with net income of $261,000, or 4 cents per diluted share, for the same period a year ago.

“Results for the third quarter continued to be impacted by delays or cancellation of orders from several original equipment manufacturers and telecommunications operator customers, and slowdown in demand for our cellular products,” said Jacob Inbar, president and chief executive officer.

Inbar said that during the quarter, AML accelerated its research and development pace for a number of products for the wireless local loop customer base.

AML designs and manufactures amplifiers for the cellular, paging and satellite communication markets.