IRVINE, Calif.--Probe Manufacturing, Inc., (OTC QB : PMFI), a global electronics design & manufacturing services company, expects to report for the second quarter of 2012:
"Our management team and employees were tasked this quarter with streaming manufacturing processes and maximizing production efficiencies while still growing customer bookings," PMI CEO Kambiz Mahdi said. "As a result, we expect to announce positive EBITDA, 10 consecutive quarters of profitability and expect to announce between $1.6 and $1.65 million in gross revenue, which is the Company's strongest quarter in terms of revenue since 2008. We continue to lay the foundation for a strong recurring revenue base," Mr. Mahdi said. "Our strategy is to win customers with our low cost and flexible manufacturing services and to grow with them through strong customer service."
About Probe Manufacturing, Inc.
Probe Manufacturing is a global electronics design & manufacturing services company providing technological innovators with business services through our factory in California as well as factories Worldwide. Headquartered in Irvine, California, Probe has been serving industrial, instrumentation, medical, aerospace, defense, and automotive industries since 1994. Probe's common stock is traded on the OTC Market QB under the symbol PMFI. Further information is available on Probe's website: www.probeglobal.com.
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“As a result, we expect to announce positive EBITDA, 10 consecutive quarters of profitability and expect to announce between $1.6 and $1.65 million in gross revenue, which is the Company's strongest quarter in terms of revenue since 2008. We continue to lay the foundation for a strong recurring revenue base”
- Gross revenue between $1.6 million and $1.65 million for the second quarter of 2012 compared to $1,164,312 for the same period in 2011, a 37% to 42% increase;
- Positive EBITDA between $124,000 and $125,000 for the second quarter 2012 as compared to $59,688 for the second quarter 2011, a 108% to 109% increase; and
- A sales backlog of approximately $2 million as of June 30, 2012.
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"Our management team and employees were tasked this quarter with streaming manufacturing processes and maximizing production efficiencies while still growing customer bookings," PMI CEO Kambiz Mahdi said. "As a result, we expect to announce positive EBITDA, 10 consecutive quarters of profitability and expect to announce between $1.6 and $1.65 million in gross revenue, which is the Company's strongest quarter in terms of revenue since 2008. We continue to lay the foundation for a strong recurring revenue base," Mr. Mahdi said. "Our strategy is to win customers with our low cost and flexible manufacturing services and to grow with them through strong customer service."
About Probe Manufacturing, Inc.
Probe Manufacturing is a global electronics design & manufacturing services company providing technological innovators with business services through our factory in California as well as factories Worldwide. Headquartered in Irvine, California, Probe has been serving industrial, instrumentation, medical, aerospace, defense, and automotive industries since 1994. Probe's common stock is traded on the OTC Market QB under the symbol PMFI. Further information is available on Probe's website: www.probeglobal.com.
Full Article
SUBSCRIBE TO MFRTech.COM TODAY, CUSTOMIZE YOUR NEWS, RECEIVE BY EMAIL (CLICK HERE)
For a Complete Version of this BUSINESS WIRE Press Release
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