yip,, I know this is an otc-please bare with me and read,, smaller float w/insider buys-
Navtech, Inc. Reports Fiscal 2003 Results: 11% Revenue Growth and Eighth Consecutive Quarter of Profitability
Thursday January 29, 1:40 pm ET
WATERLOO, Ontario--(BUSINESS WIRE)--Jan. 29, 2004--Navtech, Inc. (OTCBB: NAVH - News), a leading international provider of aviation services and software solutions, announced its results for the year ended October 31, 2003.
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Financial Highlights
2003 2002
Revenue $ 6,934,000 $ 6,265,000
Operating expenses 6,499,000 5,786,000
Income from Operations 434,000 478,000
Net earnings 705,000 409,000
EPS - basic 0.17 0.09
Revenue increased by 11% to $6.9 million in fiscal year 2003 from $6.3 million in 2002. Subscription-based recurring revenues accounted for 90% of total revenues and increased 12% to $6.2 million in 2003. Navtech now provides services to 125 customers in over 26 countries, and continues to expand its customer base with $1.0 million of revenue from new customers in fiscal 2003.
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