Mikros Systems reports Q2 2018 revenue increase of 29%

Mikros Systems Corporation (OTCQB: MKRS) has reported revenues for the three and six months ended June 30, 2018 were USD 2,242,211 and USD 4,732,771, respectively, compared to USD 1,740,863 and USD 3,495,836 for the three months and six months ended June 30, 2017, an increase of USD 501,248, or 29% for the second quarter, and an increase of USD 1,236,934, or 36% year-to date, the company said.

The increases were due primarily to a production order for 26 ADEPT® Units, and additional engineering services, calibration services support, and repairs.

Mikros reported net income of USD 83,827 and USD 237,132 for the three and six months ended June 30, 2018, respectively, compared to USD 76,224 and USD 166,532 for the three and six months ended June 30, 2017, respectively, an increase of USD 7,603 or 10% in the second quarter and an increase of USD 70,600 or 42% year-to date.

Mikros Systems Corporation is an advanced technology company specializing in the development and production of electronic systems technology for advanced maintenance in military, industrial and commercial applications.