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Homeland Security

Earnings News & Notes

DDN

Wednesday, November 12th, 2008

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Cogent Systems [COGT] 3Q08 3Q07 Sales $35M $22.5M Net Inc. $12M, $0.13 $4.1M, 0.04 Earnings nearly tripled on a 35% jump in sales and gross margins that remained at 70%, overcoming $903,000 in stock-based compensation charges. Cogent's income also benefited from a $1M settlement from Holland related to a lawsuit. Sales were up on orders from the Department of Homeland Security, Morocco, Rwanda, Pennsylvania, the Royal Canadian Mounted Police and several other customers. Cogent also made its first sale of…

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