Earnings: New Motion Revenues Increase 83 Percent

New Motion (OTCBB: NWMO) has reported its first quarter earnings for the three months ending March 31. The company saw revenues increase 83 percent year-on-year to $5.6 million, and a net loss of $0.37 million. The company had a fairly busy quarter, raising $20 million in funding, going public through a reverse merger and doing a 1 for 300 reverse stock split.

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