Monday, February 6, 2012

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

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The software company reported net incomeof $16,300, or zero centsd per share, compared to a net loss of or 9 cents per share, in the year-ago Revenues grew to $3.8 million from $3.6 The one analyst who covers the compang expected a net loss of 2 centes on revenues of $3.5 million. Systems saless and service, maintenance and support revenues both rose 12 percentf duringthe quarter, while application hosting servicesd revenues fell 23 the company said in a news “We continue to make progresws in moving this business forward to the point of becominh consistently profitable; that is our main strategix goal,” said CEO Briab Patsy in the release.
In earlyy June, Streamline won a contract valued at morethan $1 millio n to integrate its document workflow solutions into an electronicv medical records system at a Canadian health care region, Patsy said. It is the second Canadian contract the companuy has won in thepast year. Despite the bettefr news, shares of Streamlinre (NASDAQ: STRM), followed most tech stocks down onWednesdahy morning, losing more than 8 or 26 cents, to Streamline Health Solutions, based in is a supplier of workflow and documengt management tools, applications and servicee to businesses, specifically health-care organizations.

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