Brekford Corp. (BFDI) Reports Positive Results for Third Quarter 2011
Today, Brekford Corp. reported a 100.68% increase in revenue, 162.46% increase in gross profit and a significant increase in net profit of 1,311.74% for third fiscal quarter 2011. The company is a leading provider of fully-integrated vehicle installation services, rugged mobile technology solutions and traffic safety solutions. Brekford also released information on other aspects of its financial performance, indicating increases across the board. Net sales from last year are up $2.67 million, totaling $5.3 million for the third quarter ended September 30, 2011. Expenses related to the expansion of the business increased for the third quarter 2011 to $0.734 million…