Yesterday, after the closing bell, the company reported first quarter 2010 financial results. Financial Highlights as follows:
- Net revenue of $60.9 million a 1.8% increase compared to $59.8 million in the fourth quarter of 2009 and a 25.1% increase compared to $48.7 million in the same period of last year.
- Gross margin for the first quarter of 2010 improved to 22.0% compared to 16.1% in the previous quarter and 18.1% in the same quarter last year.
- Net income for the first quarter of 2010 was $6.9 million, compared to $3.1 million in the fourth quarter of 2009, and $2.1 million in the same quarter of last year.
The company, a leading supplier of Interactive TV (iTV) for the hospitality industry, today announced that Hyatt (NYSE:H) has awarded it a contract to install products at the new Andaz 5th Avenue in New York City after an extensive request-for-proposal process to find a new in-room entertainment provider. Roomlinx will install and manage the property's network including Roomlinx' Interactive TV (iTV) product, high speed internet access, and free-to-guest programming for a term of three years.
Bergamo Acquisition Corp. (OTC: BGMO) is trading at $0.12 up $0.04 or 50% on heavy volume of 717k
Today the company announced the receipt of $75 million as the initial funding of the $100 million that was previously announced. The funding has been deposited in the accounts of Bergamo FZC, a wholly owned subsidiary of Bergamo Acquisition Corp. Funds will be made available for the series of acquisitions as previously announced to shareholders.
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