myPhotopipe.com, Inc. (MPPC.PK) Reports 1st QTR Operating Results
myPhotopipe.com, a web-based online provider of digital photo processing and related services, has released its operating results for the first quarter of 2008. According to the results, revenue for the three months ending March 31, 2008 rose 26% to $366,329, compared with revenues of $289,869 in the first quarter of 2007. The company’s gross profits also increased 42% to $270,373 (73.8% of revenues), compared to $189,864 (65.5% of revenues) in the first quarter of 2007. However the company reported a net loss of ($73,705) in the most recent quarter, versus a net loss of ($15,753) in the three months ended…