$QFOR Quadrant 4 Systems..Management's Discussion and Analysis of Financial Condition and Results of Operation...
Revenues for the three months ending June 30, 2016 totaled $14,564,628 compared to $13,069,754 during the same period in 2015. The increase in revenues of $1,494,874 or 11% over the previous period was due to software licensing of QHIX platform. Revenues were comprised of service-related sales of software programming, consulting, subscriptions and development services.
The Company reported net income of $1,018,301 for the three months ending June 30, 2016 compared to net income of $126,608 for the same period in 2015.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.