Myriad releases further financial results

Mobile technology group Myriad has announced further details of its first-quarter 2010 results, posting revenues of $28.5m (£19.9m) compared with first-quarter 2009 revenues of $32.2m.

Gross profit reached $19.1m, compared with $20m in the prior-year quarter.

Total operating expenses amounted to $14.6m, or 51 per cent of revenues, compared with $12.4m or 39 per cent of revenues in first-quarter 2009.