Asian Surveying & Mapping
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U.S. Autonomous Drone Maker Skydio Expands Footprint To Japan
Opens new Tokyo office to support growing demand in...
New funding boost for space traffic radar project
Silentium Defence has secured a $3.2m contract from the...
China Uses the U.N. to Expand Its Surveillance Reach
While the U.S. is trying to limit data flows...
Russia successfully tests hypersonic missile on Putin’s birthday
MOSCOW: Russia successfully test launched a Tsirkon (Zircon) hypersonic...
UK launches £2m competition to drive transport innovation with geospatial data
The UK’s Geospatial Commission has launched a £2 million (US$2.6...
Indo-French satellites to trace illegal spillage of oil by ships: French space agency
The constellation of maritime surveillance satellites for the Indian...
Google Maps adds new AR tools to help you get around town
Not content to just launch new hardware this week, Google today...
Japan’s iQPS to launch 36-satellite constellation
Japan’s Institute for Q-shu Pioneers of Space (iQPS) has...
UK launches supercomputer nanosatellites to help maritime trade
The UK Space Agency has announced the launch of...
GeoCue Group Inc. Launches GeoCue Australia Pty
HUNTSVILLE, AL – GeoCue Group Inc., a leading provider...

May 20th, 2011
Hemisphere GPS Reports 2011 First Quarter Results

“Traction from new products, stronger grain prices and signs of global economic recovery contributed to stronger growth in every geographic market, and all of our product lines.”

Gross margins were relatively consistent year over year at 48.5% compared to 49.2% for the first quarter of 2010, which have been revised based upon the conversion from Canadian to US functional currency under IFRS. Revised gross margins for 2010 are higher than originally reported under Canadian generally accepted accounting principles as a result of the impact of a strengthening Canadian dollar on the weighted average costing of Canadian inventories when using the US dollar as functional currency. Read More