Hybrid says it will meet third-quarter targets
Broadband fixed-wireless vendor Hybrid Networks said it expects to meet its previously announced targets for the third fiscal quarter that ends Sept. 30. The company said it expects to report revenues of at least $9 million--a sequential increase of more than 60% compared to the previous quarter--with gross profit margins in the 30% range.
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NASDAQ recently informed Hybrid that its stock, previously in danger of being delisted, would be listed on the Small Cap Market. The stock had been listed on the NASDAQ National Market.
--Jim Barthold, senior editor
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© 2012 Penton Media Inc.
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