Sunday, May 1, 2011
Press Release Source: Ambient Corporation On Thursday April 28, 2011, 4:38 pm EDT
BOSTON, April 28, 2011 /PRNewswire/ -- Ambient Corporation(OTCBB:ABTG.ob - News), a pioneer in the development of smart grid communications infrastructure, announced today that based on a preliminary review of its financial results, the Company expects revenues for the first quarter to be approximately $12 million compared to approximately $1.7 million in the first quarter of 2010, representing an increase of 613%. Ambient also expects to have its second consecutive quarter of profitability, and to generate approximately $1.1 million in net income.
More from Shareholder meeting: http://www.ambientcorp.com/2011__Ambient_Stockholder_Meeting.pdf
Posted by jdean at 2:57 AM