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The software company reported net incomerof $16,300, or zero cents per share, comparee to a net loss of $815,000, or 9 cents per in the year-ago quarter. Revenuew grew to $3.8 million from $3.6 million. The one analysy who covers the company expected a net loss of 2 cente on revenuesof $3.5 million. Systems sales and service, maintenances and support revenues both rose 12 perceny duringthe quarter, while application hosting servicee revenues fell 23 percent, the company said in a news “We continue to make progresw in moving this business forward to the poiny of becoming consistently profitable; that is our main strategicc goal,” said CEO Brian Patsy in the release.
In earlyh June, Streamline won a contract valued at morethan $1 million to integrate its document workflow solutions into an electronic medical records system at a Canadian healtyh care region, Patsy said. It is the seconc Canadian contract the company has won in thepast year. Despite the bette news, shares of Streamlind (NASDAQ: STRM), followed most tech stock down onWednesday morning, losing more than 8 or 26 cents, to $2.89. Streamline Health based in Cincinnati, is a supplier of workflow and documentmanagement tools, applications and services to specifically health-care organizations.
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