CompuDyne Reports $0.06 Loss for 4th Quarter, $1.07 Loss for Year, Backlogs Recover to Two Year High, 4th Quarter Improvement Expected to Continue in 2006.
Business Wire › March 21, 2006
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CompuDyne Reports $0.06 Loss for 4th Quarter, $1.07 Loss for Year, Backlogs Recover to Two Year High, 4th Quarter Improvement Expected to Continue in 2006.
ANNAPOLIS, Md. -- CompuDyne Corporation (Nasdaq:CDCY), an industry leader in sophisticated security products, integration and technology for the public security markets, reported a loss of $456 thousand, or $0.06 per share, on revenues of $40.7 million, for the fourth quarter of 2005. This compared to a loss of $6.1 million, or $0.74 per share, on revenues of $32.6 million, for the fourth quarter of 2004. The full year 2005 loss was $8.7 million, or $1.07 per share, on revenues of $141.6 million. This compares to a loss of $8.2 million or $1.01 per share, on revenues of $142.8 million, for the full year 2004. Backlogs at the end of 2005 were $148.1 million, up 17% from $126.9 million at the end of 2004, and at a two year high.
The 2005 loss results from a combination of factors. Revenues continued to suffer from low backlogs of new business, a factor which improved during the latter half of the ...See the full content of this document
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