Revenue Update on RELM Wireless Corporation(NYSEMKT:RWC)

RELM Wireless Corporation(NYSEMKT:RWC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Earnings per share were $0.10.

RELM Wireless Corporation (RWC) shares turned negative on Fridays trading session with the shares closing down -0.0804 points or -1.45% at a volume of 2,385. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.59. The peak price level was also seen at $5.59 while the days lowest was $5.36. Finally the shares closed at $5.475. The 52-week high of the shares is $5.97 while the 52-week low is $3.32. According to the latest information available, the market cap of the company is $75 M.

Several Insider Transactions has been reported to the SEC. On Dec 18, 2015, Donald F U Goebert (director 10% owner) purchased 133,333 shares at $3.70 per share price.

RELM Wireless Corporation (RELM) provides two-way radio communications equipment. RELM designs manufactures and markets wireless communications products consisting of two-way land mobile radios repeaters base stations and related components and subsystems. Two-way land mobile radios include units that are hand-held (portable) or installed in vehicles (mobile). The Company’s P-25 digital products and the Company’s analog products operate in the VHF (136 megahertz – 174 megahertz) UHF (380 megahertz – 470 megahertz 450 megahertz – 520 megahertz) and 700-800 megahertz bands. The Company offers products under two brand names: BK Radio and RELM. BK Radio-branded products serve the government and public safety market and RELM-branded products serve the business and industrial market. The Company’s BK Radio-branded products consist of land-mobile radio equipment for professional radio users primarily in government public safety and military applications.

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