California Amplifier Inc. in Camarillo reported that in the first quarter, which ended May 27, sales jumped 147% to $32.2 million, compared with $13 million for the first quarter of last year.
Net income increased almost fivefold to $2.1 million, or 15 cents per diluted share, compared with income of $358,000, or 3 cents per share, for the first quarter last year.
"Sales of satellite products in the first quarter were at record levels and increased 20% sequentially from the fourth quarter," Chief Executive Fred Sturm said. "This is due to continued strong demand for U.S. satellite products and our entry into certain European markets, supported by expansion of our supplier base for key electronic components."
California Amplifier designs and manufactures microwave amplifiers, down-converters, antennas and other related products.