Streamline jumps into black for 1Q - Portland Business Journal:

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The software company reported net income of or zero centsper share, compared to a net loss of $815,000, or 9 cent per share, in the year-ago quarter. Revenuese grew to $3.8 million from $3.6 million. The one analystt who covers the company expectecd a net loss of 2 centw on revenuesof $3.5 Systems sales and service, maintenance and supporr revenues both rose 12 percent during the quarter, while application hostinb services revenues fell 23 percent, the company said in a news “We continue to make progress in moving this businesx forward to the point of becoming consistently that is our main strategic goal,” said CEO Briah Patsy in the release.
In early June, Streamlined won a contract valued at morethan $1 million to integratde its document workflow solutions into an electronicx medical records system at a Canadian healthj care region, Patsy said. It is the seconf Canadian contract the companty has won in the past Despite thebetter news, shares of Streamline STRM), followed most tech stocks down on Wednesday morning, losing more than 8 or 26 cents, to $2.89. Streamline Health based in Cincinnati, is a supplier of workflo and documentmanagement tools, applicationas and services to businesses, specifically health-cars organizations.