Friday, May 23, 2008

Earnings

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Brekford International Corp. of Hanover, formerly Tactical Solution Partners Inc., which provides homeland security technology and services, reported a net loss of $995,000 for the quarter ended March 31, versus a net loss of $2.5 million a year ago. Revenues fell to $3.1 million from $3.4 million.

The first-quarter net loss at WorldSpace Satellite Radio of Silver Spring grew to $36.8 million from $35.5 million in the prior-year quarter. Revenues, at $3.0 million, showed no growth from a year ago.

Wise Metals Group LLC of Baltimore, which provides aluminum can stock and recycling services, reported a net loss of $8.3 million in the quarter ended March 31, versus net income of $3.6 million in the prior-year quarter. Revenues grew to $315.7 from $252.5 million.

TVI Corp. of Glenn Dale, which provides military and civilian emergency response products, reported a net loss of $3.1 million for the first quarter, versus a net loss of $2.6 million a year ago. Revenues tumbled to $6.5 million from $14.3 million.