Hemisphere Reports Revenue Jump, Profit for Q1 2011
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Hemisphere GPS, Inc., has reported revenue growth of 41 percent and a return to profitability in the first quarter of 2011 for the three months ending March 31.
For the quarter, the Calgary, Alberta, Canada–based company generated $21.2 million in total revenues, compared to US$15.1 million in the first quarter of 2010. Revenues from all market segments increased in the first quarter of this year.
By Inside GNSS