Document Capture Technologies, Inc.(fka DCMT)

[confusedtrader]

3 cents EPS.

IP-driven leader in the design, development, manufacture and sale of advanced imaging technologies for over a decade, today announced third quarter 2011 revenues of $5.3 million, up 48% over Q3 2010. For the first nine months of 2011 (as at September 30), revenues were $12.7 million, up more than 24% over the same period 2010.

Q3 2011 revenues are the highest in the Company's history. DCT also delivered Q3 fully diluted income of 3 cents a share for the quarter and breakeven for the first nine months of 2011. DCT's revenues have risen each quarter for the past two years.

Operating expenses were up slightly over Q3 2010 at $1.75 million. EBITDA* (earnings before interest, taxes, depreciation and amortization) at $640,000 was almost 10 times ahead of the same quarter 2010. DCT continues to be debt free, with cash on hand of $913,000, working capital of $5.3 million and a further borrowing capacity of $1.7 million. Profit margins approached 39%.

"For the eighth consecutive quarter, through the worst economic landscape in a generation, DCT continues to deliver consistent revenue growth as we execute our aggressive business plan," said David P. Clark, Chief Executive Officer of Document Capture. "Q3 revenues are the best so far in our history and management remains confident that the momentum of our global sales and partnership initiatives will continue this trend and deliver a record 2011 and beyond."


http://finance.yahoo.com/news/DCT-Announces-Record-Q3-2011-iw-471273674.html?x=0&l=1