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International Datacasting Corp. (IDC) saw yearly revenues increase by 18 percent at $29.1 million in its 2009 year-end financial reports released April 7.
The company also released its fourth quarter 2009 report, which showed a drop in quarterly revenue at $6.4 million, compared to $7.5 million recorded in the fourth quarter of 2008.
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“We delivered another successful year of significant growth in the business," Ron Clifton, president and CEO of IDC, said in a statement. “While a slowing economy provides cause for caution in the near term, we believe that our long-term prospects remain strong. The trends in the industry favoring broadband satellite IP multicasting in the broadcast radio, data and video markets continue to fuel demand for our products and applications. We believe the combination of momentum from our sizable customer base, our technology leadership with an applications focus and a strong balance sheet will continue to position us well going forward.”
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