NovAtel [Nasdaq: NGPS], a Canadian GPS device manufacturer, reported revenues for the second quarter of C$9.5 million (US$6.8 million), compared to C$7.9 million (US$5.7 million), in the same period a year ago. The company reported net income from continuing operations for the second quarter of C$725,000 (US$519,000), or C$0.09 (US$0.06) per share, compared to a net income from continuing operations of C$304,000 (US$218,000), or C$0.04 (US $0.03) per share, in the same period a year ago.
NovAtel Sees Revenues, Income Rise
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