Shares of wireless testing gear maker Comarco Inc. fell about 6% in afterhours trading Thursday after the Irvine-based company reported first-quarter results.
Comarco reported a quaretly net loss of $575,000, versus a loss of $1.5 million a year earlier. Sales rose 33% to $10.6 million.
The company affirmed its full-year targets of 20% sales growth.
Investors weren’t impressed.
They could have latched onto to some cautious words from the company about its testing gear, which wireless phone service providers use for their networks.
Comarco also installs and keeps up freeway emergency call boxes and makes a line of battery chargers.
Call boxes and chargers are seen driving sales growth for the rest of the year, the company said.
Comarco’s wireless testing gear “derives revenue from a limited set of customers and the timing and size of customer orders can vary greatly,” the company said. “As a result, (wireless testing) revenue can fluctuate from quarter to quarter.”
