Minneapolis-based Founders Food & Firkins Ltd. has reported the results of operations for Q1 2002 ended 31 March, during which time total revenue grew 52% to US$3.11m compared to US$2.05m for Q1 2001. The increase in revenues was due principally to the addition of the company's third restaurant, which opened in Fargo, North Dakota on 20 November 2001. The company reported a net loss of US$29,669, or US$0.01/share for Q1, compared to a net loss of US$48,649, or US$0.01/share for Q1 2001.