Tranzeo Wireless Technologies Inc. (TSX:TZT) reported revenue of $18.4 million for 2007, an increase of 1.2% over the previous year.
The Pitt Meadows-based wireless technology manufacturer said its profit increased to $7.1 million for 2007 compared with $6.4 million in 2006.
But revenue for its 2007 fourth quarter dropped 15% to $4.3 million when compared with the same period the year before.
The company attributed the decrease to weaker U.S. sales.
Tranzeo's share price range during the past week: between $0.90 and $0.92; 52-week high: $2.52; 52-week low: $0.78.