Dreams Inc. (DRJ) Revenue Increases 27%
Dreams Inc. (DRJ), a company engaged in multiple aspects of the licensed sports products and autographed memorabilia industry through a range of distribution channels, said its first quarter loss shrank by nearly half as revenue growth was fueled by the Orange Bowl asset recovery project. Revenues increased to reach a new record of $18.5 million, a significant increase over the $14.6 million reported for the same quarter in the previous year. The Plantation, Florida-based memorabilia company said it lost $240,000 on revenue of $18.5 million. In the prior-year quarter, the company lost $447,000 on revenue of $14.6 million. Dream had…