Argon ST, Inc. (NASDAQ: STST) has announced results for the first fiscal quarter ending January 3, 2010. The firm announced revenue for the first quarter was $73.2 million with an operating income of $7.5 million (10.2 percent of revenue).
Also, fully diluted Earnings Per Share (EPS) for the first quarter of fiscal 2010 was $0.21 on 22.1 million shares and share equivalents. The adjusted EBITDA for the quarter was $11.6 million (15.8 percent of revenue) and the firm was awarded contract bookings of $49.5 million in the quarter and ended with a backlog of $209.5 million.
“We are pleased with our start to the year, ” said Dr. Terry Collins, chairman and CEO of Argon ST. “While our bookings for the quarter were tempered by the availability of fiscal year 2010 funding, our early second quarter bookings activity is very encouraging and we look forward to continued bookings strength in the remainder of the year.”
