Communications Systems International Inc. posted record results and profitabilityfor its fiscal first quarter ended July 31.
The company increased its revenue 155% to a record $2.58 million, comparedto $1.01 million for the same period a year ago. The recent fiscal quarteris CSI’s first profitable quarter with $11,000 in net income, or less than1 cent per share. CSI also increased its gross margin to $903,000 (35% ofrevenues) for the quarter ended July 31 from a loss of $18,000 for the samequarter last year.
Long-distance volume in billable minutes increased 173% from 1.74 millionminutes for the quarter ended July 31, 1995 to 4.76 million minutes for therecent comparable quarter.