ERF Wireless (ERFB) Posts Q3 Results, 51% Rev Growth
ERF Wireless Inc., a leading provider of enterprise-class wireless and broadband products and services, today announced its financial results for the third quarter ended September 30, 2011. The company reported that its quarterly revenues increased 51 percent to $1.3 million for the third quarter ended September 30, 2011, compared to $882,000 in revenues reported for the comparable three months of 2010. Gross profit margins increased to 33 percent for the current quarter compared to 21 percent for the prior year quarter. ERF Wireless’ net loss for the third quarter of 2011 was reported at $1.3 million compared to a net…