John M. Kelley, Herley President, said, "We are very pleased with the third quarter operating results for the Company. A year ago, we faced a series of significant challenges that negatively impacted our performance in the first two quarters of our current fiscal year. We have taken critical steps to rebuild and strengthen our business. Our third-quarter results demonstrate that we have rebounded to achieve performance that is consistent with our historical track record. In particular, we demonstrate strong cash flow and tightened control of expenses that have enabled us to increase our cash on hand to over $31 million also announced record backlog. HRLY