Radiant Systems, Inc. (RADS) Surprises the Market with Significant 2008 Growth
Radiant Systems, Inc. announced its financial results for the fourth quarter of 2008. Total revenues for the period were $75.3 million, a 7 percent increase over the revenues reported for the same period in 2007. Net income for the fourth quarter was reported at $1.9 million, or $0.06 per diluted share, a decline from 2007’s fourth quarter net income of $4.6 million, or $0.08 per diluted share. The company also announced financial results for the full year of 2008. Total revenues for the period were $301.6 million, a 19 percent increase over the $253.2 million reported for 2007. Net income…