Revenues and profits were up for the fiscal quarter ending May 31 at Transbotics, a manufacturer of robotic vehicles and provider of related software and services.
Transbotics (OTCBB: TNSB) reported revenues of $2.88 million for the quarter, an increase of more than $500,000 from a year earlier. Profits improved to $24,796 from $4.917 for the same period in 2006.
Citing increased development costs, Transbotics reported a $352,463 loss for the past two quarters. Revenues increased to $4.39 million from $4.36 million in 2006. The company reported a $13,544 profit through the same six-month period a year ago.