Aug. 13 at 8:50 PM
$IDN Revenue of
$5.94 million, up 16% year-over-year and exceeding the consensus estimate of approximately
$5.67 million. Net profit of
$663,000, compared to a
$251,000 loss last year. EPS of
$0.03, in line with estimates. Excellent gross margin: 91%. Adjusted EBITDA of
$1.1 million; fifth consecutive positive quarter. Cash position of
$11.84 million (increasing) and zero debt. Excluding the major client, revenue grew by approximately 19% in the first half of the year. Management continues to anticipate positive EBITDA in the second half and a profit for the full year.
