New Mexico Software, Inc. bridges the gap between the paper and digital worlds. New Mexico Software provides powerful organizing and archival products that allow a company to control document access and dissemination of information. Going digital with information cuts costs, eliminates wasted effort and saves countless trees. Also, NMS products have security controls that protect information and meet legal obligations.
Many different industries all have the same basic needs – to organize and keep track of the flow of information. The Contracts and Procurement industry must constantly bid proposals, compliance documents, and contracts must be controlled at every stage of the business process. The same basic principles apply with the Accounting industry, the Construction industry, the Disaster Recovery industry, the Facility Maintenance industry, and the Legal, Marketing, and Media industries.
The company just announced that revenue for the third quarter of 2008 increased 123% to $520,000 from $233,000 in the third quarter of 2007. New Mexico Software CEO Dick Govatski said it best when he proudly maintained that the company is on the fast-track to success.
He stated, “It’s been a fast moving period at the company as characterized by the 123% growth in revenue during the quarter. While the current economic environment has become more challenging, New Mexico Software is well positioned, as it is debt-free and does not rely on short-term borrowing for its operating expenses. Our business has steadily improved in both our New Mexico Software (NMS) and our Telerad Services (TRS) divisions. We expect to sustain these positive demand trends through the remainder of the year and further into 2009. Our goal is to begin generating a net profit and positive cash flow by the end of 2008.”
Snippets from the quarterly results reveal a substantial revenue increase of 123% to $520,000 from the comparable quarter of 2007, primarily due to the new revenue stream from teleradiology services. Additionally, decreases in overall operational costs have positively affected the bottom line. A decrease of 40% in general and administrative expenses and a 38% decrease in total operating costs and expenses to total current operational burn at $180,000. The company also enjoys a 15% increase in gross profit to $136,000 for the third quarter of 2008 as compared to $118,000 a year ago.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Stock Report http://video.qualitystocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment