Vaso Corporation (VASO)

[OBrien]

There have been improvements. I think it's important to look at the IT side as a young segment. It has been a drain on profits but it is growing and losses are narrowing.
I posted this after Q3 which shows my thoughts....


Growth in the IT segment continues to make progress with the $10.8Mil quarter, up about $1.1Mil YOY. Operating losses for this segment are trending down. $900K in Q1, $700K in Q2 and now $500K in Q3.

IT Healthcare backlog jumped nicely from $8.3 Mil in Q2 to $10.4Mil in Q3 and deferred revenue from professional sales segment is up to over $21Mil.

We need a strong Q from the professional sales segment in Q4. If we get that along with smaller losses from the IT segment which is trending down it could make for a very nice quarter. I'm not confident this will happen but I do like the trend we are seeing in the IT segment which maybe could show an operating profit next year.