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Cogent Systems [COGT] 4Q08 4Q07 FY08 FY07 Sales $40M $21.9M $125.7M $105.8M Net Inc. $11.5M, 0.13 $7.7M, 0.08 $45.2M, 0.50 $28.6M, 0.30 Sales in the quarter soared 83% on a big boost in revenues from the Department of Homeland Security--which made up over half of the overall sales--and work for Spain, Pennsylvania and others. Net income rose nearly 50% on the spike in sales although gross margins dipped on a shift in product mix, in line with estimates. Net income…

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