MINNEAPOLIS--(BUSINESS WIRE)--Zareba Systems, Inc. (NASDAQ:ZRBA) today reported financial results for the first quarter of fiscal year 2007 ended September 30, 2006. Net sales increased to $8.7 million, compared to $8.5 million for the same period a year ago. Gross margins were 34% in the first quarter of fiscal 2007, versus 40% in the first quarter of fiscal 2006. First quarter net income was $22,000, or $0.01 per share, compared to net income of $390,000, or $0.16 per share, for the first quarter of fiscal 2006.
