MANKATO, MN - Winland Electronics Inc., an EMS firm, announced first quarter revenue of $7 million, up 35.3% from last year. Net income increased 71.4% to $374,535 for the same period.

The increase was related to new product line items integrated from OEM customers during 2004 combined with improved sales of the company's proprietary products.

It was a record quarter for the company, and its 13th consecutive profitable quarter.

Gross profits for the quarter were $1.7 million, up 24.3%. Gross profit decreased as a percentage of net sales from 26.4% in Q1 2004 to 24.2% in the first quarter of 2005, due to higher costs from new product designs and billable engineering projects.

Income from operations increased 68.9% to $629,203 due to a significant increase in sales. Total operating expenses increased 7.5% for the first quarter to $1.1 million.

During the quarter Winland's largest customer, Select Comfort, increased its purchase commitments by $4.5 million.

The company completed the quarter with $587,007 in cash and a current ratio of 2.75 to 1.

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