HighCom Global Security Inc. (HCGS)

[NetworkNewsWire]

HCGS Reports 116% YOY Increase in Q2 Revenues

Leading security solutions provider HighCom Global Security, Inc. (OTC: HCGS) this morning announced its financial results for the second quarter and first half of 2017. Among the highlights, the company reported $1.5 million in revenues for the three-month period, marking an increase of 116 percent from the second quarter of 2016. Likewise, HighCom Global recorded $2.6 million in revenues for the first half of 2017, marking a 37.5 percent increase from the comparable period of 2016. “We have consistently grown our revenues year-over-year, driven by increased consumer demand and our ability to meet corporate goals,” Craig Campbell, CEO of HighCom Global, stated in the news release. “From 2013 to 2016, we have achieved CAGR at an impressive 40%.” The company attributed this strong performance to strength in each of its operating segments, including hard armor, soft armor, shields and ballistic helmets. Moving forward, HighCom Global intends to continue building on this momentum while pursuing additional opportunities by leveraging “the expertise of its newly assembled executive leadership team and world-class board of directors.”

To view the full press release, visit http://nnw.fm/pu68B

About HighCom Global Security, Inc.

Highcom Global is a leading provider of equipment and services for the security and defense industries. We acquire, manage and build industry leading businesses which provide specialized, mission-critical solutions that address the needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With an experienced team and a proven track record of solid growth, we’re establishing a broad portfolio of security businesses to provide our customers and shareholders with exceptional returns. Its HighCom Armor division provides high performance and affordable body armor, personal protective equipment, and armor systems and related accessories, while its BlastGard division has patented BlastWrap® technology that acts as a “virtual tent” to effectively mitigate blast effects and suppress post-blast fires. For more information, visit www.HighComSecurity.com