Brekford Corp announced on
Tuesday that it recorded solid first quarter results, providing clues
for second half financial results. Looking past Tuesday’s
announcement, investors can look forward to - potentially - a strong
second half.
Revenues are expected to accelerate in the second half of 2012, as a result of previously announced contracts with the municipalities of Greenbelt and Denton, MD and Rivera Beach, FL. All of which will begin to contribute to the Company’s top line and add to the Company’s base business.
The Company’s profitability is forecasted to increase significantly in the second half. Despite frontloaded cost, the Company had a strong operational performance by posting better than expected gross and operating profit margins. The Company is growing very rapidly and doing a good job of controlling expenses. The coming surge in revenue will have a positive effect on the Company’s second half EPS. Read more
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