{"id":84842,"date":"2011-05-14T01:06:56","date_gmt":"2011-05-13T17:06:56","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/sinclair-acquisition-helps-offset-norsats-declining-segment-revenues\/"},"modified":"2011-05-14T01:06:56","modified_gmt":"2011-05-13T17:06:56","slug":"sinclair-acquisition-helps-offset-norsats-declining-segment-revenues","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/sinclair-acquisition-helps-offset-norsats-declining-segment-revenues\/","title":{"rendered":"Sinclair Acquisition Helps Offset Norsat\u2019s Declining Segment Revenues"},"content":{"rendered":"<p>[05-13-11]<b> <b>Norsat\u2019s<\/b> acquisition of RF and antenna technology manufacturer <b>Sinclair<\/b> in January helped generate an additional $4.3 million in revenue during the 2011 first quarter, which brought Norsat\u2019s revenue total to $8.7 million \u2014 a 78 percent increase compared with the same period in 2010, the Canadian satellite company announced May 12.<\/b><\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norsat\u2019s operating expenses related to the Sinclair subsidiary were $1 million during the quarter. The balance of the increase also was supported by improved foreign exchange rates on the Canadian dollar versus the U.S. dollar. Norsat recorded a $200,000 net loss during the quarter, compared with net earnings of $500,000 in the same period last year.<br \/>\nIn a statement, Norsat CEO Aimee Chan said that she expects Sinclair\u2019s operating expenses to, \u201cincrease modestly over future periods and amortization related to certain acquired intangibles will also commence once the complete purchase price allocation has been determined.\u201d<br \/>\nNorsat\u2019s satellite solutions segment revenues fell from $2.9 million in the first quarter of 2010 to $2.4 million in 2011. Revenues from Norsat\u2019s Microwave Products segment also slightly decreased year-over-year from $1.9 million in 2010 to $1.8 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[05-13-11] Norsat\u2019s acquisition of RF and antenna technology manufacturer Sinclair in January helped generate an additional $4.3 million in revenue during the 2011 first quarter, which brought Norsat\u2019s revenue total to $8.7 million \u2014 a 78 percent increase compared with the same period in 2010, the Canadian satellite company announced May 12. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norsat\u2019s operating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-84842","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84842"}],"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=84842"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84842\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}