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Alias Born | 04/17/2012 |
Friday, June 20, 2014 10:30:27 AM
• The company reported sales of $17.4 million in 2013, an increase of 32% over our 2012 results. Net income increased to $322,548 in 2013.
• The company maintains a strong balance sheet. As of 3/31/14, the company had only $62,522 in long term debt, and a balance of zero on its $750,000 line of credit.
• The company reported sales of $4.9 million in the first quarter of 2014, an increase of $880,000, or 21.75%, over the year earlier period. In addition, we reported pre-tax income of $191,652 in Q1, an increase of $76,122, or 65.9%, over the same period in 2012.
• The company has, over the last 4 years, grown at a compound annual growth rate of 32%.
• Recurring revenue was equal to roughly 36% of revenue in 2013.
• The company has completed 6 acquisitions over the past 30 months. The most recent acquisition closed on May 1, 2014. That company, ESC Software, had sales of roughly $1.7 million in 2013. We paid for that acquisition by issuing a five year note for $350,000.
• The company's intellectual property portfolio has grown to 20 proprietary solutions, including our EDI product, MAPADOC. The number of end users of MAPADOC has roughly doubled in the past 4 years, and continues to grow. We also entered into our first international distribution agreement for MAPADOC to be sold in Australia.
• The company's proprietary SAAS solution, BeerRun, has taken the craft beer brewing industry by storm. In the two short years since its introduction, BeerRun is now among the most widely used products for the management of brewing operations within the craft beer industry.
• The company's managed services division, which provides disaster recovery, business continuity, and 24/7/365 remote network monitoring for our client's networks, continues to rapidly expand, delivering 45% growth in 2013.
• The company's professional services group has a backlog of over 6000 hours booked.
Although we have much to be thankful for and certainly to be prideful of, there remains much hard work ahead of us if we are to fully capitalize on key emerging industry trends and on the numerous growth and expansion opportunities being presented to us on a regular basis. Towards that end, we have set our goal on growing our annual revenues to more than $50 million in the next 18 months.
Recent SSNT News
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/13/2024 09:26:31 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 01/19/2024 10:27:28 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 01/16/2024 11:18:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 10:40:25 PM
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- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 01/05/2024 10:16:38 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/28/2023 09:20:26 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 12/19/2023 10:13:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:15:42 PM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/14/2023 02:53:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/14/2023 02:57:26 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/14/2023 02:56:37 AM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 12/13/2023 10:23:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/13/2023 03:19:11 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 09:19:45 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 12/04/2023 01:09:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/04/2023 01:08:25 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 11/27/2023 09:53:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 09:46:25 PM
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