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CYRP Revenues Increase 31% In Q3

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hedge_fun   Monday, 12/19/11 04:40:20 PM
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CYRP Revenues Increase 31% In Q3

Revenues

Revenues were $398,269 and $304,115 for the three months ended September 30, 2011 and 2010, and $1,416,832 and $1,164,492 for the nine months ended September 30, 2011 and 2010. This is an increase of $98,154, or 31%, for the three-month period and an increase of $252,340, or 22%, for the nine-month period ended September 30, 2011 compared to the same periods in the preceding year. Sales for our most recent RFID product, EdgeMagic, increased 18% during the 2011 nine-month period as compared with the same period in 2010, mirroring the general trend of increased market acceptance of RFID technology, particularly in the apparel sector. Demand for services showed an increase as well. We expect these trends to continue contributing to positive growth in revenues for the remainder of the year.

http://www.sec.gov/Archives/edgar/data/1365832/000106299311004447/form10q.htm






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