Shares of Insignia Systems, Inc. (ISIG) are rising more than 13% Wednesday morning after reporting improved results for the first quarter.
Insignia Systems provides in-store advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages.
The company reported a profit of $1.65 million or $0.91 per share, higher than 62,000 or $0.03 per share in the same quarter a year ago.
Net sales increased 108.7% to $12.83 million from $6.15 million last year.
ISIG, currently at $8.51, has been trading in the range of $5.48-$11.82 in the last 52 weeks.
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