Axesstel Sees Gains in Annual RevenueFriday, March 1, 2013
Axesstel Inc., a San Diego-based producer of wireless communications equipment, recently reported 2012 net income of $4.3 million on revenue of $59.7 million. That compares with net income of $1.1 million on revenue of $54.1 million in 2011.
For the fourth quarter, Axesstel reported net income of $824,000 on revenue of $15.8 million. That compares with net income of $1.1 million on revenue of $16.9 million in the fourth quarter of 2011.
Shares of Axesstel trade over the counter. The company’s ticker symbol is AXST.
— SDBJ Staff Report