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The software company reported net incomeof $16,300, or zero cent s per share, compared to a net loss of or 9 cents per share, in the year-ag o quarter. Revenues grew to $3.8 million from $3.6 million. The one analysgt who covers the company expected a net loss of 2 centxs on revenuesof $3.5 Systems sales and maintenance and support revenues both rose 12 percengt during the quarter, while application hosting services revenues fell 23 the company said in a news release.
“We continue to make progress in moving this business forwards to the point of becomingtconsistently profitable; that is our main strategixc goal,” said CEO Brian Patsy in the In early June, Streamline won a contract valued at more than $1 million to integrate its document workflow solutions into an electronic medical records systemj at a Canadian health care Patsy said. It is the second Canadian contracf the company has won in the past Despite thebetter news, shares of Streamlined (NASDAQ: STRM), followed most tech stocks down on Wednesday losing more than 8 percent, or 26 to $2.89.
Streamline Health Solutions, based in is a supplier of workflow and document management applications and services to specifically health-care organizations.
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