Comarco Inc. reported consolidated unaudited earnings results for the second quarter and six months ended July 31, 2009. For the quarter, the company reported revenue was $7.6 million compared with $3.2 million for the second quarter of fiscal 2009. Sequentially, revenue for the second quarter increased $5.6 million from $2.0 million in the first quarter of fiscal 2010. The gross profit in the second quarter of fiscal 2010 was $1.9 million compared with a gross loss of $179,000 in the second quarter of fiscal 2009, and a gross loss of $314,000 in the first quarter of fiscal 2010. The company reported a net loss of $0.7 million, or $0.09 per share, for the second quarter of fiscal 2010 compared with a net loss of $1.6 million, or $0.23 per share, for the second quarter of the prior fiscal year. The company's net loss decreased $2.1 million on a sequential basis from $2.8 million, or $0.39 per share, during the first quarter of fiscal 2010. Operating loss was $0.65 million against $3.1 million for the same period earlier. Net loss from continuing operations was $0.63 million or $0.09 per basic and diluted share against $2.5 million or $0.35 per basic and diluted share for the same period earlier. For the six months ended July 31, 2009, revenue totaled $9.6 million compared with $7.0 million for the same period of the prior fiscal year. The gross profit was $1.6 million for the first six months of fiscal 2010 compared with a gross loss of $187,000 in the comparable period a year ago. The net loss for the six months ended July 31, 2009 was $3.5 million, or $0.48 per share, compared with a net loss of $3.3 million, or $0.45 per share, in the comparable period for the prior year. Operating loss was $3.5 million against $7.3 million for the same period earlier. Net loss from continuing operations was $3.5 million or $0.48 per basic and diluted share against $5.7 million or $0.77 per basic and diluted share for the same period earlier.

Comarco, Inc., Q2 2010 Earnings Call, Sep 10 2009

On July 22, 2009, the Board of Directors of Comarco, Inc. adopted an amendment to the Amended and Restated Bylaws of the company to reduce the authorized number of directors from six directors to five directors. The Amendment will become effective upon the calling to order of the Company's 2009 annual meeting of shareholders at which a quorum is present. The text of Section 1(b) of Article IV of the Bylaws, as amended, reads as follows: 'The exact number of directors shall be five, until changed as provided in subdivision (a) of this Section'.