OLDCO International Inc. (fka VTLR)

[kickask]

YE financials are out. Ask and you shall receive. Very positive results. Next step is to get to positive net income. It's coming.

CENTENNIAL, Colo., May 01, 2019 (GLOBE NEWSWIRE) -- VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), a premier cybersecuritymanaged services provider,reported results for the fourth quarter and full year ended December 31, 2018. Financial results are in U.S. dollars, withcomparisons made to the same year-ago quarter unless otherwise noted.2018 Financial HighlightsRevenue increased 48.9% to a record $15.6 million, driven by growth in the number of customers served as well as thesize of orders from new and existing customers.Managed and professional services revenue increased 79.4% to $5.0 million, due primarily to the addition of 14 new clientssigned under contracts over the last year.Hardware and software sales revenue increased 37.8% to $10.6 million, driven by additional customers as well asincreased order size from existing customers.Gross profit as a percentage of revenue increased to 25.8% from 20.9% due to a favorable shift in revenue mix to highermargin managed and professional services revenue. Adjusted EBITDA totaled $80,000Annual recurring revenue (ARR) totaled $4.1 million at December 31, 2018, up 41% from $2.9 million at December 31,2017. The company defines the term “annual recurring revenue” or ARR as the value of its service contracts normalized toa one-year period.Total contract value (TCV) was $9.6 million at December 31, 2018, up 73% from $5.5 million at December 31, 2017. TCVis defined as the total value of its service contracts including one time and recurring charges.2018 Operational HighlightsAdded 14 new clients, with 6 of these clients contracted with multi-year contracts within multiple industries, includinghospitality, healthcare, energy and K12 education. Contracted long-term engagements for professional services with four existing customers.Strengthened executive leadership with the appointment of Russ Armbrust as CEO, Andrew Douthwaite as CTO andMichael Panec as CFO.Established VirtualArmour Academy for cybersecurity education and training.Signed partnership agreements with three new technology manufacturing companies.Launched a Channel Partner program to focus on reselling VirtualArmour Managed Security Services.Expanded focus on new continental U.S. territories with the addition of two new sales directors.Expanded our Customer Experience practice with the hiring of two full time Customer Experience ManagersHired eight additional engineers to support growth of managed services and professional services.Created an Inside Sales practice with the hiring of new inside sales representatives to support outside sales
more in the actual release