Solid Month and Quarter Drive On2 Technologies Inc. (Amex: ONT) Up the Charts
Shares of On2 Technologies Inc. (Amex: ONT) were trading up 30 cents (15 percent) at $2.41 per share on volume of 4,567,000. The company announced record first quarter (ended March 31, 2007) results after the market closed yesterday, and the stock has been running up the charts ever since. First quarter revenue was $2,815,000, representing an increase of 131 percent compared to the $1,217,000 reported in the first quarter of last year. The revenue numbers also represent an increase of 33 percent over fourth quarter (ended Dec. 31, 2006) revenue of $2,117,000. The company reported a first quarter net loss…