09:53 AM EST - Hemisphere GPS : reported financial results for the second quarter ended June 30, 2011. All currency amounts are expressed in U.S. dollars. For the quarter, Hemisphere GPS achieved revenue growth of 29%, reporting $20.1 million in revenues, compared to $15.6 million in the second quarter of 2010 with strong growth in each of the Company's segments and general economic recovery across the Company's primary global markets throughout 2011. Before one-time expenses of $0.8 million related to strategic initiatives, Hemisphere GPS realized a second-quarter net non-GAAP profit margin of 8%, resulting in non-GAAP profit of $1.6 million, or $0.03 per share (basic and diluted). This is an improvement from a loss of $1.8 million, or $(0.03) per share (basic and diluted), reported in the second quarter of 2010. Hemisphere GPS
shares T.HEM are trading even at $0.85.
