About Symmetricom
Time waits for no one, but it can be put to work. Symmetricom manufactures synchronization and timing equipment used in GPS satellites and national power grids and to control the flow of voice, video, and data traffic in telephone, wireless, and broadband networks. Offerings include atomic instruments and components, hydrogen masers, timescale systems, – more... GPS instrumentation, synchronous supply units, and performance measurement and management tools. The company serves original equipment makers, communications service providers, and other businesses. Symmetricom also gets a large portion of sales from contracts or subcontracts to US government agencies. It generates most of its sales from customers in the US.
Operations
The company operates through two segments: communications and government and enterprise. Its communication segment, which accounts for about 55% of sales, includes products for communications infrastructure. Symmetricom's government and enterprise segment includes time technology products for aerospace, power infrastructure, and science markets.
Geographic Reach
The US is Symmetricom's largest market, representing more than 60% of revenue. Europe and Asia together generate about 30% sales.
Sales and Marketing
Products are sold through a direct sales force, manufacturers' sales reps, distributors, and systems integrators.
Financial Performance
Revenue was up 14% in fiscal 2012 (ended June), getting the company back on a growth track after being knocked off in 2011 because of product-fulfillment issues. In 2011 Symmetricom outsourced the manufacturing and logistics operations of its Puerto Rico facility, its largest, to Sanmina-SCI, which resulted in some product fulfillment delays that led to a 6% drop in sales. With the transition complete, the company in 2012 saw its communications and government and enterprise segments rise 11% and 18%, respectively.
Net income was up substantially in 2012, jumping nearly 700% to more than $11 million, as the company held steady on expenses and reported a nearly 90% decline in restructuring charges.
Mergers and Acquisitions
Symmetricom paid $3.5 million (plus additional payments based on future performance) in 2011 to acquire California-based Brilliant Communications, a developer of software used to manage network timing and synchronization functions. The deal gave Symmetricom a boost in the area of software for Internet protocol network backhaul and femtocell (a base station used in wireless networks) applications. – less
Symmetricom Employer Reviews
Symmetricom
excellent place to work, great management style
Technician 2 (Former Employee), Boulder, CO – April 9, 2013
Symmetricom
Productive and fun work place
Executive Assistant to EVP Operations (Former Employee), San Jose, CA – March 11, 2013
Symmetricom
Fun workplace
MECHANICAL DESIGN ENGINEER (Former Employee), San Jose, CA – February 13, 2013
Symmetricom
Working day was hectic from the time I arrived to the time I left.
Stockroom/ Production Lead (Former Employee), Boulder, CO – January 25, 2013
Symmetricom
Good environment
Production Supervisor (Former Employee), Santa Rosa, CA – October 16, 2012
Working at Symmetricom
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