COLUMBUS, OHIO (September 6, 2017) HighCom Global Security (OTC: HCGS) is pleased to report a 116% increase in second-quarter revenues for 2017, as well as an increase in first-half revenues by 37.5%, year-over-year.
HighCom Global’s second-quarter 2017 revenue was $1.5 million, a triple-digit increase over revenues of $698K reported in the second quarter of 2016. For the first six months of 2017, HighCom Global reports revenues of $2.6 million, an increase of more than $700,000 from revenues of $1.9 million reported in the first half of 2016.
The Company attributes these increases to strength in each of its segments: hard armor, soft armor, shields and ballistic helmets.
“We have consistently grown our revenues year-over-year, driven by increased consumer demand and our ability to meet corporate goals. From 2013 to 2016, we have achieved CAGR at an impressive 40%,” states HighCom Global CEO Craig Campbell.
HighCom Global plans to continue this momentum and pursue additional opportunities with the expertise of its newly assembled executive leadership team and world-class board of directors.
“We have brought together a group of highly motivated, tenacious and focused individuals to form an incredible team that has access to capital and global markets,” says Campbell. “Our focus is on growth through quality people creating quality products. With this strategy, HighCom Global is positioned to penetrate new markets and create higher and more sustained growth for the company. Our goal is to not only meet our customers’ demands, but exceed them. The increased sales shown this year is a testament to our ability to execute this objective.”
HighCom Global Security’s full financial reporting can be found at: https://www.sec.gov/edgar.shtml.
About HighCom Global Security, Inc.
Highcom Global is a leading provider of equipment and services for the security and defense industries. We acquire, manage and build industry leading businesses which provide specialized, mission-critical solutions that address the needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With an experienced team and a proven track record of solid growth, we’re establishing a broad portfolio of security businesses to provide our customers and shareholders with exceptional returns. Its HighCom Armor division provides high performance and affordable body armor, personal protective equipment, and armor systems and related accessories, while its BlastGard division has patented BlastWrap® technology that acts as a “virtual tent” to effectively mitigate blast effects and suppress post-blast fires.