Revenues of $1,660,513 for the fourth quarter decreased 32% compared to $2,453,430 for the same period last year. The continued slow-up in government and government related contracting activity was a contributing factor in the lower revenues for the three month period ended May 31, 2009.
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PHAZAR CORP operates as a holding company with Antenna Products Corporation, Tumche Corp., Phazar Antenna Corp. and Thirco, Inc. as its wholly owned subsidiaries. Antenna Products Corporation and Phazar Antenna Corp. are operating subsidiaries with Thirco, Inc. serving as an equipment leasing company to PHAZAR CORP's operating units. Tumche Corp. has no sales or operations. It has no other business activity. Antenna Products Corporation designs, manufactures and markets standard and custom antennas, wireless mesh network solutions, guyed and self supported towers, support structures, masts and communication accessories worldwide. Phazar Antenna Corp. provides a line of commercial wireless fixed and mobile antennas for instrument scientific medical, intelligent transportation systems, wireless Internet, wireless local area network, wireless local loop, fixed global positioning system, multichannel multipoint distribution service (fixed wireless) and other WiMAX market applications.
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