Hemisphere Reports 1Q Results

For the quarter ended March 31, Hemisphere GPS achieved revenue growth of 41%, reporting $21.2 million in revenues, compared to $15.1 million in the first quarter of 2010. “The recovery in our business that began in the back half of last year continued and strengthened in the first quarter of 2011 with a return to profitability,” stated Steven Koles, President and CEO of Hemisphere GPS.

The company reported net income of $1.8 million, a significant improvement from the first quarter of 2010.

Hemisphere has been a member of this Association since 2004. For more information go to hemispheregps.com. ◆