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The software company reported net income of or zero centsper share, compared to a net loss of or 9 cents per share, in the year-ag o quarter. Revenues grew to $3.8 millio n from $3.6 million. The one analyst who cover the company expected a net loss of 2 centws on revenuesof $3.5 million. Systems saleds and service, maintenance and support revenues both rose 12 percenrt duringthe quarter, while application hosting services revenues fell 23 percent, the company said in a news release. “Wee continue to make progress in moving this business forward to the poingt of becomingconsistently profitable; that is our main strategif goal,” said CEO Brian Patsyg in the release.
In early June, Streamline won a contractf valued at morethan $1 million to integrate its documengt workflow solutions into an electronic medical records system at a Canadian health care region, Patsy said. It is the seconxd Canadian contract the company has won in the past Despite thebetter news, shares of Streamline (NASDAQ: followed most tech stocks down on Wednesday morning, losint more than 8 or 26 cents, to $2.89. Streamline Health Solutions, basedf in Cincinnati, is a supplier of workfloaw and documentmanagement tools, applicationse and services to businesses, specifically health-care organizations.
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