AML Income Flys in Q1

Sales of parts used in surveillance equipment and unmanned aircraft drove income up for AML Communications Inc. in the first quarter when compared to a year ago. The Camarillo-based manufacturer of microelectronic assemblies for the defense industry reported net income of $314,000, or $0.03 per diluted share on revenues of $3.7 million for the quarter ending June 30. For the same period in 2009, the company had net income of $92,000, or $0.01 per diluted share, on revenues of $3.4 million. “The quarter was also marked by increased engineering activity in preparation for production of integrated assemblies for a recently announced $3.7 Million order, as well as new designs associated with new defense programs,” said President and CEO Jacob Inbar. AML recently hired C. K. Cooper & Company as its financial advisor to help with the company’s growth strategy. Mark R. Madler