Tuesday, December 03, 2013 7:59:55 PM
~ INVA = Inova Revenue Increased 90%-to-$7.6-Million-for-Quarter! 
http://ih.advfn.com/p.php?pid=nmona&article=59277135
Inova Technology (OTCBB:INVA), announced that its revenue increased by $3.6 million from $4 million for the preceding quarter to $7.6 million in the quarter ending July 2013 representing an increase of 90%.
Inova CEO, Adam Radly, said, "$7.6 million of revenue in one quarter is obviously an excellent result for us. We were close to full capacity for the entire quarter and our team did a great job of getting projects completed on time and on budget for our customers."
The Company previously announced that it has as a backlog of awarded contracts worth $42 million. More information regarding the backlog can be found in the press release dated July 2, 2013. Inova CEO, Adam Radly, said, "We will commence the new sales season in October and will look to add to the current backlog. The Company's current contract backlog is very healthy and gives us and our stakeholders a lot of visibility into our future revenue."
Mr. Radly also said, "We will continue to provide updates regarding the commencement and completion of the major projects that we have previously announced over time as they occur."
The majority of the projects in the current backlog are network solutions projects for government customers in the Texas area. The backlog includes more than 15 customers and consists of a combination of both new and previous customers. The larger projects are network solutions projects for Ft Worth and Dallas School Districts. These projects do not represent all of Inova's revenue for any given period. They only reflect a portion of the revenue generated by Desert Communications and exclude revenue from its other subsidiary, Trakkers.
About Inova Technology
Inova Technology, Inc. (INVA) is an enterprise level Information Technology solutions provider specializing in providing proprietary RFID solutions, wireless networking, storage and security technology solutions and IT professional services. For more information please visit the company website at: www.inovatechnology.com. Contact: Adam Radly, info@inovatechnology.com.
http://ih.advfn.com/p.php?pid=nmona&article=59277135
Inova Technology (OTCBB:INVA), announced that its revenue increased by $3.6 million from $4 million for the preceding quarter to $7.6 million in the quarter ending July 2013 representing an increase of 90%.
Inova CEO, Adam Radly, said, "$7.6 million of revenue in one quarter is obviously an excellent result for us. We were close to full capacity for the entire quarter and our team did a great job of getting projects completed on time and on budget for our customers."
The Company previously announced that it has as a backlog of awarded contracts worth $42 million. More information regarding the backlog can be found in the press release dated July 2, 2013. Inova CEO, Adam Radly, said, "We will commence the new sales season in October and will look to add to the current backlog. The Company's current contract backlog is very healthy and gives us and our stakeholders a lot of visibility into our future revenue."
Mr. Radly also said, "We will continue to provide updates regarding the commencement and completion of the major projects that we have previously announced over time as they occur."
The majority of the projects in the current backlog are network solutions projects for government customers in the Texas area. The backlog includes more than 15 customers and consists of a combination of both new and previous customers. The larger projects are network solutions projects for Ft Worth and Dallas School Districts. These projects do not represent all of Inova's revenue for any given period. They only reflect a portion of the revenue generated by Desert Communications and exclude revenue from its other subsidiary, Trakkers.
About Inova Technology
Inova Technology, Inc. (INVA) is an enterprise level Information Technology solutions provider specializing in providing proprietary RFID solutions, wireless networking, storage and security technology solutions and IT professional services. For more information please visit the company website at: www.inovatechnology.com. Contact: Adam Radly, info@inovatechnology.com.
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