Three in a row for Kontron

Kontron Mobile Computing has published results for the fourth quarter and fiscal year 2003 - the company's third consecutive profitable fiscal year.

Kontron Mobile Computing has published results for the fourth quarter and fiscal year 2003 - the company's third consecutive profitable fiscal year.

For fourth quarter 2003, the company reported operating income of $541,492, compared with operating income of $949,798 for fourth quarter 2002.

Net income for fourth quarter 2003 was $369,708, or $0.02 per share, on revenue of $3.8 million, compared with net income of $733,709, or $0.05 per share, on revenue of $4.4 million for fourth quarter 2002.

For the fiscal year ending 31st December 2003, the company reported operating income of $848,824, compared with operating income of $1,009,718 for fiscal year 2002.

Net income for fiscal year 2003 was $177,246, or $0.01 per share, on revenue of $12.0 million, compared with net income of $148,722 or $0.01 per share, on revenue of $12.2 million for fiscal year 2002.

"We are pleased to announce the third consecutive year of profits within a market climate that continues to be challenging for companies in our sector", said Thomas Sparrvik, CEO.

"During 2003, we continued to widen our presence in our key markets, particularly the military customer base.

We also sustained focus on cost reduction while maintaining steady R and D spending for development projects that we believe will position us for future growth".

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