Bridge Technology Reports First Quarter Revenues
Bridge Technology, Inc., a data storage and communication components company, this week announced its revenues for the first quarter, ended March 31, 2001.
According to the company, revenues for the first quarter of 2001 increased 27% to $27,790,364 -- as compared to first-quarter revenues of $21,750,963 for 2000. Net profit for the first quarter 2001 was $213,035 or $0.02 per basic share, compared with last year's loss of ($64,084) or ($0.01) per basic share.
"Despite the general slowdown in the U.S. market, we expect the Company's business to continue its growth path for the balance of 2001," stated John Harwer, President of the Company. "We remain optimistic about our forecast for both domestic and international business units. The Company is focused on growing its core business by developing additional new products supplemented by strategic acquisitions."