Shares of BrandPartners Group Inc. (OTCBB: BPTR) rode the good earnings news right up the charts in mid-day trading. The company’s stock was trading up 4 cents (50 percent) to 12 cents per share on volume of 728,404.
The company’s first-quarter revenues were $13.9 million, representing a 25 percent increase compared to $11.1 million during the same period last year. Net income for the three months ended March 31, 2007, was $445,000, or 1 cent per share, versus net loss of approximately $1.3 million, or 4 cents per share, during the same period last year.
James F. Brooks – CEO of BrandPartners – commented in a press release, “Our first-quarter results were a substantial improvement over last year’s first quarter, and we are hopeful that the active mergers and acquisitions climate in financial services will positively impact our revenue stream for the balance of 2007.”
Brooks concluded with the company’s outlook for 2007, “Our sales organization has opened up potential opportunities with several new clients during the past few months, and we are in a continual process of restructuring operational areas to improve our short and long-term profitability.”
BrandPartners, through its wholly-owned subsidiary, Willey Brothers Inc., creates next generation retail environments for financial services companies and other retail organizations.