Hybridbox generated revenue of HUF 6.59 million in the first quarter of 2011, compared to revenue of HUF 19.16 million in Q1 of 2010.
The company noted that it has shifted from independent sales to selling products and services jointly with telecom service providers, which could result in orders for at least 10,000 devices by the end of this year.
Ideally, orders could reach 30,000-40,000, the company said, noting that it would not expand operations before the order stock and sales revenue justify such a move.
Hybridbox trades in the B-category at the Budapest Stock Exchange.
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