IRVINE, CA -- Probe Manufacturing reported its fourth consecutive quarter of revenue growth, and backlogs are growing, suggesting a continued upswing.
The electronics manufacturing services company said revenue for the quarter ended Sept. 30 increased 40.4% over the same quarter last year to $764,000. The net profit fell to $12,683, from $521,193 a year ago. However, net profit from operations also tripled to $19,333. Backlogs as of Sept. 30 were $1.7 million.
“We are pleased with the diversification in our customer base and lower concentration risk, and we anticipate continuing growth in our backlog,” said John Bennett, chief financial officer.