Datum Inc. reported net earnings of $186,000 for the third quarter, up 32% from $141,000. The Anaheim maker of precision timing and frequency generation equipment for commercial, military and space exploration uses said sales for the quarter were $6.7 million, up 45% from $4.6 million. The company's third-quarter figures are the first to include results from Spectrum Technologies, a Goleta-based maker of precision frequency devices acquired in June.
For the first nine months, Datum reported net earnings of $749,000, up 20% from $623,000. Sales for the period of $17.4 million were up 26% from $13.8 million.
Louis B. Horwitz, president of Datum, said that the results were impacted in part by higher product development costs stemming from the January acquisition of Bancomm Inc., a San Jose-based maker of precision timing devices.
Horwitz said the company is not planning any major capital expenditures "for the next few quarters" and has $2.7 million in cash available to support its operations.