Secured Digital Reports Record Quarterly Revenue as Sales Top $10 Million on Outsourcing Expansion
Tuesday May 15, 10:00 am ET
SADDLE BROOK, N.J.--(BUSINESS WIRE)--Secured Digital Applications (OTCBB:SDGL - News), a leading provider of outsourced business consulting services in Asia, today announced record revenues of $10.37 million in the first quarter of 2007 as a result of increased sales of multimedia and business services.
In its quarterly report filed with the Securities and Exchange Commission, the company reported that revenues increased by 23 percent from the first quarter of 2006, a gain of $1.97 million, while gross profits increased by 51 percent from $457,488 to $690,627. Income from continuing operations was $311,100, compared to a loss of $102,933 in the 2006.
"Management is very pleased with the results for the first quarter of 2007," said Chairman and Chief Executive Officer Patrick Lim. "It represents Secured Digital's continuing expansion of its share of the market for advanced technology applications."
The company also reaffirmed its sales and earnings guidance for 2007. The company expects to achieve revenue in the range of $44 - 48 million and net income in the range of $1.5 - $1.8 million.
