AML Income, Revenues Drop in Q2

Preparations to begin meeting an order of components used in unmanned aerial vehicles contributed to AML Communications Inc. posting lower revenue for the second quarter when compared to a year ago. The Camarillo-based manufacturer of microelectronic assemblies eported net income of $189,000, or $0.02 per diluted share, on revenues of $3.8 million for the quarter ending Sept. 30. For the same period a year ago, AML reported net income of $486,000, or $0.05 per diluted share, on revenues of $4.5 million. The company invested in efficiency and cost savings improvements to meet the 50 percent increase in production level anticipated to fill a $3.7 million contract for assemblies used in unmanned vehicles. The production of those components is expected to begin in the fourth quarter. Temporary allocation of resources associated with production on a new program also contributed to lower revenues in the second quarter, the company said. Mark R. Madler