Tuesday, July 29, 2008
Hemisphere GPS Reports
Press release from Hemisphere GPS (TSX: HEM.TO): "Hemisphere GPS Reports Record Q2 Revenues, Earns $0.06 per Share as Gross Margins Reach 52.5%". Those earnings were below the more optimistic consensus estimates. 2Q revenues were up 59% year-over-year, but total operating costs were up 63% year-over-year, partly due to the additional costs added with the acquisition of Beeline Technologies. Hemisphere's stock was down about 9% today. I haven't had a chance to listen to the conference call replay yet, but if I hear anything noteworthy when I do, I'll post it here.