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The software company reported net incomeof $16,300, or zero centw per share, compared to a net loss of $815,000, or 9 centsd per share, in the year-ago quarter. Revenues grew to $3.8 milliohn from $3.6 million. The one analysyt who covers the company expected a net loss of 2 centds on revenuesof $3.5 million. Systemzs sales and service, maintenance and supporgt revenues both rose 12 percent durin gthe quarter, while application hosting services revenues fell 23 percent, the companyt said in a news release. “Ws continue to make progress in movin this business forward to the point of becoming consistently profitable; that is our main strategic said CEO Brian Patsyh in the release.
In early June, Streamline won a contract valuede at morethan $1 million to integrate its document workfloq solutions into an electronic medical records system at a Canadiam health care region, Patsy It is the second Canadian contrac t the company has won in the past year. Despite the bettee news, shares of Streamlinwe (NASDAQ: STRM), followed most tech stocks down onWednesdagy morning, losing more than 8 percent, or 26 cents, to Streamline Health Solutions, based in Cincinnati, is a supplier of workfloww and document management tools, applications and services to specifically health-care organizations.
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