6-month Rev 12,6M; Net Income 7,2M; Exp. annual Rev 28M https://finance.yahoo.com/news/bulova-technologies-group-inc-announces-120000715.html Bulova Technologies Group, Inc. Announces Its Second Quarter Revenues
Business WireMay 31, 2017 LARGO, Fla.--(BUSINESS WIRE)--
Bulova Technologies Group, Inc. (BTGI) announced today it achieved revenues of $6,259,160 from its operations for the three month period ending March 31, 2017 and $10,796,812 income on deconsolidation of its Bulova Technologies Ordnance Systems LLC subsidiary, yielding a net income of $8,626,292 to BTGI.
Revenues for the six month period ending March 31, 2017 are $12,646,404.00 with net income of $7,188,454.00. The BTGI fiscal year is October 1, 2016 through September 30, 2017.
Stephen L. Gurba, President and Chief Executive Officer of Bulova Technologies Group, Inc., stated, “We are pleased by the results of this quarter and we look forward to an increase in our operations' revenue in succeeding quarters.” We are optimistic that revenues of $28,000,000.00 will be achieved by our fiscal year end of September 30, 2017.