First quarter revenues increased to $2.6 million – a 22% increase year-over-year
Gross profit margin for the fiscal year remained stable at 81%
Backlog at March 31, 2013 totaled approximately $18.8 million – a 35% year-over-year increase and the highest balance in 7 years
Cash balance at March 31, 2013 of $2.9 million
In addition, shareholders approved the re-election of Mr. Laurence P. Birch and Mr. Timothy G. Biro to the Board of Directors, ratified the selection of BDO USA, LLP as DATATRAK's independent auditor for 2013 and approved a proposal to grant the Company's Board of Directors the authority to effect a reverse stock split of the Company's outstanding common shares, without par value. Immediately following the meeting, the Company implemented a one-for-twelve reverse split of the Company's common shares. The reverse split will become effective at the close of business on June 3, 2013, and thereafter the Company's common shares will begin trading on the OTCQX Markets on a split-adjusted basis. The Company encourages shareholders to refer to its proxy materials filed with the OTCQX Market on April 8, 2013 for more information about the reverse stock split.
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM