Bridgewater reveals first-quarter financial results

Bridgewater Systems, a provider of mobile personalisation solutions, has reported revenue of $24.5m (£16m) for the three months ending 31 March 2010.

The company has also reported net earnings of $4.6m, or $0.19 per share fully diluted, compared with net earnings of $2.9m, or $0.12 per share fully diluted, in the first quarter of 2009.

Cash and cash equivalents, and short-term investments have increased to $84.3m.