B-Scada Issues Commentary on 10Q Results and New Revenue Streams
Wednesday, September 16, 2015
CRYSTAL RIVER, FL: B-Scada, Inc. (OTCQB: SCDA) has announced that they have filed with the SEC their 10Q for the quarter ending July 31, 2015. As expected, the price of oil and subsequent scaling back of the petrochemical industry had a negative effect on overall revenues, however B-Scada still recorded an increase in revenue over the same quarter last year and remained cash flow positive this quarter and YTD.
It is also interesting to note that while B-Scada did in fact experience a significant decrease in oil-related revenue, non-oil-related revenues experienced a substantial increase YoY.
The ability to serve a diverse range of industrial verticals is a great benefit in times of market volatility. B-Scada is very optimistic that new revenue opportunities will continue to present themselves regardless of what happens to the price of oil.
Management commentary: "With recent software deployments announced in IT management, aquaculture, facility management, mining - even banking, B-Scada's revenue is certainly not tied to the petrochemical industry. Of course, we will happily welcome that revenue back when it returns!"
B-Scada's IoT platform continues to gain traction and recent partnerships continue to build momentum. The B-Scada brand is becoming more visible and recognized, with the company recently cited as a "Key Player" in the global HMI market by Global Industry Analysts, Inc., a leading publisher of off-the-shelf market research.
B-Scada looks forward to a promising Q4 and an exciting 2016!
