Digital Power Reports Financial Results for the Third Quarter Ended September 30, 2010
Digital Power Corp. announced its financial results for the third quarter ended September 30, 2010. Revenues increased by 87% to $3,186,000 for the quarter ended September 30, 2010, compared to $1,708,000 for the quarter ended September 30, 2009. Gross margins increased to 36.1% for the quarter ended September 30, 2010, compared to 30.0% for the quarter ended September 30, 2009. Net income was $303,000 for the quarter ended September 30, 2010, compared to a net loss of $205,000 for the quarter ended September 30, 2009.
Commenting on the results, Amos Kohn, President and CEO, stated, "We are very pleased to report very strong growth in revenue and net income for our third quarter. In addition to a significant increase in both commercial and military product revenues, we posted production level revenues of one of our first full custom developments. This is in line with our earlier stated strategic decision to reduce our dependence on standard, commodity products. Further, we began the delivery of another custom solution powering fiber optic broadband network. This challenging design requirement filled a need for a wide range unique ac quasi-square wave input, operating over an extreme temperature range with free convection cooling."