Extreme CCTV Inc., a provider of active infrared illuminators and video surveillance products, reported record revenues of $42.6 million and a net income of $2.5 million – increases of 57.5 percent and 36.5 percent, respectively over its fiscal year ended September 30.
The company is currently in negotiations with Bosch to be purchased for $92 million or $5 per share.
“The company reported its 12th consecutive quarter of profitability and improved its overall quarterly record of profitability as a public company to 26 out of 27,” says Jack Gin, president and CEO of Extreme CCTV.
The company achieved quarterly revenues of $9.9 million for the fourth quarter as compared to $8.8 million for the same period of the prior year, resulting in an increase of $1.1 million or 12 percent.
