Showing posts with label Q1 2010 Results. Show all posts
Showing posts with label Q1 2010 Results. Show all posts

2/11/10

RKN:TSX Q1 2010 Results Down Again - Turning a corner or more turbulence to come?

This morning, Redknee reported Q1 2010 results. Revenue was reported at $11.4m, down 17% from Q1 2009 revenue of $14.2m and up by 13.5% sequentially from $10.4 m reported in Q4 2009. Gross margins were reported at 77%, slightly higher than previous year quarter reported at 76%. Actual gross profit was reported at $9.1m, down from $10.8 m reported for Q1 2009.