RELM Wireless Corp. (NYSE: RWC) said that for the year ended December 31, 2013, sales totaled approximately USD27.0m, compared with approximately USD27.6m for 2012.
Pretax income for the year ended December 31, 2013 was approximately USD1.7m, compared with USD2.9m for 2012. Net income for the year ended December 31, 2013 totaled approximately USD1.1m, or USD0.08 per diluted share, compared with USD2.1m, or USD0.15 per diluted share, last year.
Gross profit margin for 2013 was 43.5 percent of sales, versus 47.4 percent of sales in the previous year. Selling, general and administrative expenses declined to approximately USD10.1m (37.4 percent of sales) in 2013, compared with approximately USD10.2m (36.9 percent of sales) in 2012.
As an American manufacturer for more than 65 years, RELM Wireless has produced highâ€‘specification twoâ€‘way communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications. Its website is at www.relm.com