Replies to post #1033 on Vaso Corporation (VASO)

[OBrien]

NP, glad to see someone else jump in.. VASO isnt getting much love right now but the more I dig in to this one the more I like it.. I think we start seeing some nice growth in their IT segments in the near future which will help both top and bottom lines.

[OBrien]

IMO there should be attention paid to their IT VAR business...

Revenue in the IT segment for the three months ended September 30, 2016 was $9,679,000 compared to $8,800,000 for the three months ended September 30, 2015, an increase of $879,000, of which $780,000 resulted from growth in the operations of NetWolves, and $99,000 resulted from growth in the healthcare IT VAR business, which is still in its start-up phase

The backlog of orders in our IT VAR operations was $6.3 million at September 30, 2016 compared to a backlog of $3.7 million at September 30, 2015. We anticipate that as we invest in expanding the IT VAR operations and the backlog goes to revenue and expand our managed services offerings we expect significant improvement in profitability of this segment.