Comtex Is looking Up.
The company reported revenues of $3.4 million, an 86% increase over the same period last year. Revenues through the first nine months were $8.7 million, a 65% increase over the first nine months of fiscal 1999.
The Company earned net income of $317,094 for the quarter ended March 31, 2000 as compared to $157,804, for the quarter ended March 31, 1999. On a year to date basis, net income equaled $859,548, representing a 133% increase over the first nine months of fiscal year 1999.
"An 86% increase in revenues affirms the viability of our infomediary business model in the market," said Charles W. Terry, President & CEO of COMTEX News Network, Inc. "In addition, COMTEX signed 167 new contracts during the first nine months of fiscal 2000, up 153% from 66 new contracts in the first nine months of fiscal 1999. Our goal is to build the most compelling distribution and publisher networks, while continuing to invest in the development of state-of-the-art new products and services to maintain our exceptional growth." *T |
