Business in the Burbs

Optionable reports 1Q gains

May

Optionable Inc., a Valhalla-based provider of brokerage services for natural gas and other energy derivatives, yesterday reported a sharp increase in first-quarter profits and revenues from the first quarter of 2006. Net income was $3.1 million, or 6 cents a share, up from $825,000, or two cents a share. Meanwhile, revenues rose from $2.2 million to $9.1 million. Chief Executive Officer Kevin Cassidy said this past quarter was very active for the company as it continued to diversify product offerings, add more services and solidify strategic alliances.

This entry was posted on Tuesday, May 1st, 2007 at 6:10 pm by Alison Bert.
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One Response to “Optionable reports 1Q gains”

Chris May 11th, 2007 at 4:43 pm
Optionable (OPBL.OB), currently under litigation and down more than two dollars over the past 3 days, posted a 19% gain on the day. Is this sign of buying confidence a potential indication of a rise back to it’s 3,5, or 9 dollar level or merely short term buyers looking to capitalize on the exaggerated reactionary downward selling of these past few days?

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