May 10th, 2005 by Arjan Olsder Posted in Companies & M&A | No Comments »
Last Friday, the stock performance of JAMDAT (Nasdaq: JMDT) looked more like an IPO, not a response to an earnings report. The stock surged roughly 50% to about $26.00.
Investors certainly had reason to be happy. In the first quarter, revenues skyrocketed 115% to $15.1 million compared with the same period last year. The sequential increase was 31%. And this is not growth at the expense of income, since the company posted net income of $2.7 million, which was up from $700,000 in the same period a year ago. More …
