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The software company reported net incomerof $16,300, or zero cents per share, compared to a net loss of or 9 cents per share, in the year-ago quarter. Revenues grew to $3.8 million from $3.6 The one analyst who coverws the company expected a net loss of 2 centds on revenuesof $3.5 Systems sales and service, maintenance and support revenues both rose 12 percent during the quarter, while application hostingb services revenues fell 23 percent, the companyg said in a news release. “We continued to make progress in moving this business forward to the point of becomingconsistently profitable; that is our main strategi goal,” said CEO Brian Patsy in the release.
In earlhy June, Streamline won a contract valuer at morethan $1 million to integrate its document workfloww solutions into an electronic medical records system at a Canadian health care region, Patsy It is the second Canadian contract the companyu has won in the past Despite the better news, shares of Streamline (NASDAQ: followed most tech stocks down on Wednesdayt morning, losing more than 8 percent, or 26 to $2.89. Streamline Health Solutions, baseds in Cincinnati, is a supplier of workflow and documentmanagementy tools, applications and services to specifically health-care organizations.
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