MarketWatch reports that Wireless Ronin increased its recurring and hosting revenue 305 percent year-over-year. The company reported that it has reached what it referred to as the milestone of deploying more than 1,000 digital menu board installations for food service industry clients.
The report adds that the company’s gross margin continued to improve to 39 percent in first quarter of 2010 compared to 37 percent from the previous quarter and up from 19 percent in the first quarter of 2009.