Gabriel Technologies Corp., a homeland security company focused on serving the transportation industry, reported total revenue of $342,103 for the first fiscal quarter ended Sept. 30, compared with revenue of $177,043 in the comparable quarter a year earlier. For the quarter, Gabriel reported a net loss of $700,898 compared with a net loss of $845,823 a year earlier.
“The increase in sales was primarily attributable to an increased sales effort in the trucking industry, which accounted for 71 percent of revenue in the quarter,” says Keith Feilmeier, chief executive officer of Omaha, Neb.-based Gabriel. “These results are well below the results we are hoping to achieve the remainder of the fiscal year. In the coming months, we fully expect to report substantial progress in our efforts to grow the company and to generate good results for our shareholders.”