TULSA, Okla.--(BUSINESS WIRE)--Feb. 5, 2002--Westwood Corporation (OTCBB: WNMP - news) announced today its operating results for its fiscal year 2002 third quarter and nine months ended December 31, 2001.
Third quarter revenue grew 18% to $12,533,000 from $10,614,000 for the same period last year. The company recorded EBITDA and net income of $899,000 and $492,000, respectively, for the quarter ended December 31, 2001, which compares to EBITDA and a net loss of $248,000 and $(253,000), respectively, for the same period last year. Revenues for the nine months ended December 31, 2001, grew 64% to $36,462,000 from $22,214,000 for the same period last year. The company recorded EBITDA and net income of $2,015,000 and $715,000, respectively for the nine months ended December 31, 2001, which compares to EBITDA and a net loss of $251,000 and $(891,000) for the same period last year. Diluted earnings per share for the third quarter and nine months ended December 31, 2001, were $.06 and $.10 per share, respectively. Loss per share for the third quarter and nine months ended December 31, 2000, was $(.04) and $(.13) per share, respectively.
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