Costa Mesa-based Irvine Sensors Corp., a small maker of electronics for the military, reported a record backlog of $54 million as upped its forecast for the 12 months through next October.
“We anticipate our total revenue in fiscal 2008 may exceed $50 million,”
said John Carson, Irvine Sensors chief executive.
Irvine Sensors is on track for about $35 million in sales for the 12 months through this Oct. 31.
The company’s backlog is up $21 million from a year ago, according to the company.
“We believe that our record backlog represents an opportunity to grow our annual revenue to a historically unprecedented level. By ramping up our deliveries from our Optex operation and successfully executing on our backlog,” Carson said.
Irvine Sensors’ shares were up about 20% in midday New York trading. It has a market value of about $30 million.
