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The software company reported net incomewof $16,300, or zero cents per compared to a net loss of $815,000, or 9 cents per in the year-ago quarter. Revenues grew to $3.8 million from $3.6 The one analyst who covers the company expecter a net loss of 2 centa on revenuesof $3.5 million. System sales and service, maintenance and supporf revenues both rose 12 percengt duringthe quarter, while application hostint services revenues fell 23 percent, the companyu said in a news release. “We continuee to make progress in moving this business forward to the poing of becomingconsistently profitable; that is our main strategi c goal,” said CEO Brian Patsg in the release.
In early Streamline won a contract valued at morethan $1 million to integrate its document workflow solutions into an electronic medical records system at a Canadian healt care region, Patsy said. It is the seconfd Canadian contract the company has won in thepast year. Despit e the better news, shares of Streamlined (NASDAQ: STRM), followed most tech stockxs down onWednesday morning, losing more than 8 or 26 cents, to Streamline Health Solutions, based in Cincinnati, is a supplie of workflow and document management applications and services to businesses, specifically health-care organizations.
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