{"id":76663,"date":"2014-08-08T00:27:53","date_gmt":"2014-08-07T16:27:53","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/norsat-reports-positive-second-quarter-earnings\/"},"modified":"2014-08-08T00:27:53","modified_gmt":"2014-08-07T16:27:53","slug":"norsat-reports-positive-second-quarter-earnings","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/norsat-reports-positive-second-quarter-earnings\/","title":{"rendered":"Norsat Reports Positive Second Quarter Earnings"},"content":{"rendered":"<\/p>\n<p>[Via Satellite 08-07-2014] <b>Norsat <\/b>earned $9.6 million in revenue during the second quarter of 2014, up 11 percent from $8.6 million the same time last year. Non-military revenues increased 17 percent as a result of market diversification. Adjusted EBITDA rose from $0.8 million to $1.3 million compared to Q2 2013.<\/p>\n<p>Two of Norsat\u2019s three primary business units, Sinclair Technologies and Microwave Products, saw year over year increases in sales. The company\u2019s third main business unit, satellite solutions, experienced a decrease in sales attributable to limited military spending.<\/p>\n<p>\u201cOur microwave products division experienced accelerated growth in the quarter with revenues doubling from a year ago, reflecting sizable deliveries of the new line of ATOM products to <b>Harris Corporation <\/b>and other customers,\u201d said Amiee Chan, president and CEO of Norsat. \u201cThis growth, combined with a slight improvement in our Sinclair Technologies segment, helped offset decreased revenues from military customers during the quarter.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Via Satellite 08-07-2014] Norsat earned $9.6 million in revenue during the second quarter of 2014, up 11 percent from $8.6 million the same time last year. Non-military revenues increased 17 percent as a result of market diversification. Adjusted EBITDA rose from $0.8 million to $1.3 million compared to Q2 2013. Two of Norsat\u2019s three primary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71740,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-76663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/76663"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=76663"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/76663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/71740"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=76663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=76663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=76663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}