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Article Excerpt
M2 PRESSWIRE-31 May 2004-Icron Technologies Corp.: Icron Technologies Reports First Quarter Results(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:05312004
Burnaby, British Columbia CANADA /FSC/ - Icron Technologies Corp. (IT - TSX Venture), a leading provider of high performance digital connectivity technologies, announced today the results for its first quarter ending March 31, 2004. Suresh Singh, President and CEO of Icron, stated that the Company continued to execute its business plan and that revenues in the first quarter of 2004 rose 31.7 percent year over year.
Icron Technologies Corporation total revenues in the first quarter of 2004 were $660,209, up from $501,183 in the 2003 first quarter, and the net loss for this year's first quarter was $38,575, or a loss of $0.00 per share. This is in contrast to a net loss of $133,352, or a loss of $0.01 per share in the same period one year ago.
The year-over-year increase in revenue for the 2004 first quarter reflects continued strong demand for our products, Mr. Singh said. 'I am very encouraged by the growth of our Ranger family of products which increased by 71% over...
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