iLinc Communications, Inc (ILC)

[Investorman]

Not in Med space anymore..............


iLinc Announces Third Quarter Fiscal 2008 Results

Third Quarter Highlights

Total revenue of $3.4 million, a decrease of eight percent over the same three-month period last year
Increased subscription license revenue to $752,000, a 54 percent increase over the same three-month period last year, and to $2.1 million, a 41 percent increase over the same nine-month period last year

Maintained combined cash and certificate of deposit balance of $1.5 million

Audio conferencing revenue declined more than the seasonal average, but is expected to rebound in the March quarter
Changing market conditions and a change in vertical sales focus adds long-term subscription revenue

Net loss before tax of $558,000, the result of continued investment in research and development and sales and marketing activities intended to foster revenue growth
Continued positive cash flow with Adjusted EBITDA1 of $1 million through first three quarters of fiscal year