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Paradigm Reports Double-Digit Revenue, Gross Profit Increases for First Quarter 2011 Results; CEO Peter LaMontagne Comments

Peter LaMontagne, Paradigm

Rockville, Md.-based Paradigm Holdings, Inc. (OTCOB: PDHO), a provider of government IT and cybersecurity solutions, reported first-quarter 2011 revenue of $12.5 million, an increase of 66.5 percent over the first quarter of 2010.

During the first quarter, the company reported gross profit of $2.3 million, a 41.6 percent increase over the year ago quarter, and that EBITDA grew by 181 percent to $0.9 million versus, or 7 percent of revenues.

Commenting on the quarter Peter B. LaMontagne, Paradigm president and CEO, said, “We are excited about demonstrating improved financial performance and achieving an even stronger position in our core markets for cybersecurity and mission critical infrastructure.  We believe that making our customers’ missions and our employees our top priority is distinguishing us from our competition and enabling us to exhibit increasing growth and profitability.”

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