09:49 AM EST - Hemisphere GPS Inc. : posted a wider loss in its fourth quarter, while sales declined from last year mainly due to late North American harvest and foreign currency impacts. Further, the company said it believes the fundamentals of the global agriculture markets to be positive for the mid to longer term.
The Calgary-based company's fourth-quarter net loss totaled $2.65 million U.S. or $0.05 U.S. per share, compared to a net loss of $642.2 thousand U.S. or $0.01 U.S. per share in the year-ago quarter. Quarterly sales dropped to $10.5 million U.S. from the previous year's sales of $13.5 million U.S., primarily due to an unusually late North American harvest, as well as foreign currency impacts internationally. Hemisphere GPS Inc.
shares T.HEM are trading even at $1.03.
