CYBRA Corp. (CYRP.OB) Reports 59% Q2 Revenue Increase; Notes Rising RFID Demand
CYBRA Corp. is a software developer, publisher and systems integrator focused on Auto Identification technology solutions. The company today reported top and bottom line improvements during its fiscal second quarter ended June 30, 2010. The company reported a 59-percent increase in revenue over the comparable 2009 quarter ended June 30, 2010, fueled by new features of its flagship MarkMagic product. A rise in sales of CYBRA’s new RFID product, EdgeMagic, also contributed to the increase, which the company says reflects increasing market acceptance of RFID technology. CYBRA’s gross margins as a percentage of sales increased 65 percent during the second…