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The software company reported net income of or zero centsper share, compared to a net loss of or 9 cents per share, in the year-ago quarter. Revenues grew to $3.8 million from $3.6 The one analyst who coverws the company expected a net loss of 2 centz on revenuesof $3.5 million. Systems sales and maintenance and support revenues both rose 12 percenft duringthe quarter, whilwe application hosting services revenues fell 23 the company said in a news “We continue to make progress in moving this business forwarxd to the point of becoming consistently profitable; that is our main strategic said CEO Brian Patsy in the release.
In earlhy June, Streamline won a contrac t valued at morethan $1 million to integratwe its document workflow solutions into an electronic medicapl records system at a Canadian health care Patsy said. It is the secondr Canadian contract the company has won in the past Despite thebetter news, shares of Streamlinwe (NASDAQ: STRM), followed most tech stocks down on Wednesdahy morning, losing more than 8 percent, or 26 to $2.89. Streamline Health Solutions, based in is a supplier of workflow and documengmanagement tools, applications and services to specifically health-care organizations.
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