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The software company reported net incomdeof $16,300, or zero cents per share, comparec to a net loss of $815,000, or 9 cents per in the year-ago quarter. Revenues grew to $3.8 milliomn from $3.6 million. The one analysrt who covers the company expected a net loss of 2 centd on revenuesof $3.5 million. Systems sales and service, maintenancde and support revenues both rose 12 percent during the while application hosting servicesa revenues fell23 percent, the company said in a news “We continue to make progress in moving this businesse forward to the point of becomingh consistently profitable; that is our main strategic said CEO Brian Patsy in the release.
In early June, Streamline won a contract valuerd at morethan $1 million to integrate its documen t workflow solutions into an electronic medical recordxs system at a Canadian health care region, Pats y said. It is the second Canadian contract the company has won in the past Despite thebetter news, shares of Streamline (NASDAQ: followed most tech stockz down on Wednesday losing more than 8 percent, or 26 to $2.89. Streamline Health Solutions, basedf in Cincinnati, is a supplier of workfloaw and documentmanagement tools, applications and services to businesses, specificall health-care organizations.
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