BSQUARE Reports First Quarter 2008 Results

• Author: ezpod
• Filed under: Event News & Updates
• Date: May 13,2008
• Tags: , Brian Crowley, BSQR, BSQUARE, Business wire, Flash, lite

BELLEVUE, Wash.–(BUSINESS WIRE)–BSQUARE Corporation (Nasdaq: BSQR) today announced financial results for the first quarter ended March 31, 2008. Total revenue for the quarter was $17.1 million, up 13% from $15.1 million in the prior year. The company reported net income for the quarter of $1.0 million, or $0.10 per diluted share, up 57% compared to net income of $638,000, or $0.06 per diluted share, in the prior year.

Brian Crowley, BSQUARE’s chief executive officer, commented on the first quarter’s results, “We had a very solid quarter. We showed substantial year-over-year bottom line growth, we made progress in building our service backlog and pipeline, capitalized on our recent entrée into the Flash Lite market more rapidly than expected, and have been encouraged by how quickly we are building business momentum in Japan.”For more details.

[www.businesswire.com]

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