Vaso Corporation (VASO)

[OBrien]

GEHC bookings are still strong,at some point this segment is going to have a huge Q.
IT segment looking good, hopefully we will see an uptrend in margins there.
More details from the 10Q...

Revenue in the IT segment for the three months ended June 30, 2017 was $10,811,000 compared to $10,124,000 for the three months ended June 30, 2016, an increase of $687,000, of which $528,000 resulted from growth in the operations of NetWolves, and $159,000 from the growth in the healthcare IT VAR business, due to more IT VAR installations in the second quarter of 2017. Our monthly recurring revenue in the managed network services operations continues to grow month over month as we add new customers and expand our services to existing customers; at the same time, the backlog of orders in our IT VAR operations increased to $8.8 million at June 30, 2017 from $7.4 million at December 31, 2016 and $4.9 million at June 30, 2016, due to growth in orders and clients. We anticipate that as our IT VAR operations become more developed and the service delivery process accelerated, the backlog will convert to revenue in a more timely fashion and, coupled with continued growth in order volume, profitability will improve in this segment.