Vaso Corporation (VASO)

[OBrien]

The Q wasnt pretty but the stock is worth more than .10.. The lower GEHC sales is hurting them for sure but the HealthcareIT/Netwolves is what will drive future growth.
Company also is up to $8Mil in cash...

Our IT segment continues to grow and has built a substantial backlog in 2016. The professional sales service segment also saw an increase in deferred revenue resulting from higher order bookings in 2016 than in the previous year. Performance in our proprietary equipment business improved in 2016, as well. Therefore, while we experienced a decrease in net income in 2016 as a result of continued investment in the IT segment and lower commission revenue in the professional sales service segment, we expect to see continued sales growth in 2017 with improved profitability. Our operations continue to generate healthy positive operating cash flow, $5.2 million in 2016 to be specific, further strengthening the Company's financial position with cash balances of approximately $8 million as of March 24, 2017,"