Marlboro-based Lightbridge Inc. reported $16.3 million in first quarter 2007 revenue, up 21 percent from the same period a year ago.
The company reported net income of $1.9 million for the quarter. Net income for the first quarter of 2006 was $1.6 million.
The quarter’s net income figure was helped by the company’s sale of its Telecom Decisioning Services business, which sold for $1.4 million in February.
The sale also cost the company $488,000 in compensation expenses and $148,000 in restructuring charges due to staff dismissals.
Lightbridge’s first quarter results were in line with its guidance issued in February.
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The company, which markets sale transaction processing software, expects second quarter revenue between $16.6 and $17.4 million.
