Vivid Learning Systems Inc. (fka VVDL)

[umiak]

Revenues:
Overall revenues increased 21% to $3,178,028 in the six months year to date of fiscal year 2009 from $2,637,052 in the six months year to date of fiscal year 2008. The increase was due to the acquisition of substantial new contracts within the Custom Products and Services segment and a slight increase in revenue volume within the Training Subscriptions segment in the six months year to date ending March 31, 2009 compared to the six months year to date ending March 31, 2008.

Training subscription revenues increased by 4% to $1,871,524 in the six months year to date of fiscal year 2009 from $1,801,394 in the six months year to date of fiscal year 2008 due to new subscription based sales and consistency in the rate of retention year over year for subscription renewals.

Custom products and services revenues increased overall by 56% to $1,306,504 in the six months year to date of fiscal year 2009 from $835,658 in the six months year to date of fiscal year 2008. The large increase is attributable to the acquisition of large new custom contracts combined with the timely completion of custom projects and related revenues generated within this business segment.