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[QUOTE]Originally posted by bullitt49: [QB] This is part of the article which had their financials: For the fiscal year ended June 30, 2009, the Company reported record revenue of $110,084 compared to $64,327 for the fiscal year ended June 30, 2008, an increase of 71.1%. The increase in revenue is attributable to two factors: internal growth of two existing business units, Vance Baldwin, Inc. and Cyber-Test, Inc., and the acquisition of Tritronics, Inc., completed on August 1, 2008. On a pro forma basis, assuming Vance Baldwin and Tritronics had been included in consolidated results in full for both fiscal years, revenue for the fiscal year ended June 30, 2009 would have amounted to $111,974 compared to $92,417 for the prior fiscal year, representing, on a pro forma basis, an increase of $19,557. Although the Company’s revenue growth in fiscal 2009 was adversely impacted by a poor economic climate and the aforementioned bankruptcy and liquidation of Circuit City, year-over-year revenue nonetheless increased by 21.2% on a pro forma basis. For the fiscal years ended June 30, 2009 and 2008, operating income on a GAAP (generally accepted accounting principles) basis amounted to $7,835 and $2,240, respectively, with net income on a GAAP basis amounting to $2,858 and $4,047, respectively. Fiscal 2009 and 2008 net income includes the effect of an income tax benefit of $1,330 and $4,500, respectively, reflecting the recognition of a portion of the Company’s deferred tax asset attributable to its net operating loss carry forwards. For the year-to-date periods ended June 30, 2009 and 2008, non-GAAP adjusted net income and non-GAAP adjusted EBITDA amounted to $5,538 and $6,009, respectively, and $11,121 and $4,458, respectively. [/QB][/QUOTE]
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