Friday, June 08, 2012 3:59:37 PM
"Healthcare
The Company this quarter won another significant healthcare system deal to integrate our Event Alerting and Notification
solution into hospital process management. We are continuing to grow our partnerships and offerings in this market including
increased support for mobile solutions as part of hospital critical response infrastructure.
Cistera now has over 20 major healthcare organizations and continues to tune it’s healthcare business towards larger
sustainable business. Because these businesses are 24/7 operations, they contribute significantly to the support and
maintenance revenue. We have added increased support coverage this year to meet their needs.
Debt Restructuring
The Company continues to make significant process in restructuring the balance sheet with a number of successful
transactions that have been favorable to the company. The Company has made significant progress in restructuring
outstanding notes. Of the original PP1 and PP2 principal, the company has restructured over 85% of the total notes and 40%
of the default notes, at terms favorable to the company."
"The Gross Margins continue to be strong at 69% of revenues. The company continues to maintain a strong gross margin
recognizing the value that our customers place on our solutions. This fiscal year we have also raised our prices across the
board to reflect the fact that we are wanting to attract higher value business."
Decent share structure:
Shares Outstanding 21,146,940 a/o Dec 31, 2011
Float 9,697,283 a/o Mar 31, 2011
Authorized Shares 50,000,000 a/o Dec 31, 2011
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