Monday, April 11, 2005

IDC returns to profitability

Satellite data provider IDC has returned to profitability thanks, in part, to its entrance into the digital signage market (along with everybody else, it would seem)...

"Revenues for the fourth quarter of fiscal 2004/2005 grew from $2.4 million to $3.2 million, representing an increase of over $800,000 or 33% compared to the previous year's fourth quarter. Net earnings for the fourth quarter were $117,645 compared to a net loss of $116,768 posted for the same period last year.

For the year, the company generated revenues of $13.8 million, which represents an increase of $5.3 million or over 63% from last year's revenues. The company recorded net earnings of $706,344 or $0.019 per common share - which is a significant improvement over last year's loss of $4.2 million."

You can read the complete press release here.

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