Bitstream Inc.’s Stock Jumps 35%
Tuesday, February 28th, 2006The biggest news today came from Bitstream Inc., an internet software company specializing in online publishing, browser, and other software. Bitstream trades publicly on the nasdaq under the symbol BITS. Today they announced 4th quarter earnings much higher than expected at $788,000. Pevious earnings where $312,000 in the third quarter of 2005 and $40,000 in the 4th quarter of 2004. The increased earnings where driven by growth in sales. Revenues increased 39% to $1,295,000 and grew in all of Bitstream’s product lines. For more information see Bitstream’s press release.