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Technology Stocks : Proginet Corp

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From: CusterInvestor11/22/2005 7:14:02 PM
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PRGF out with earnings. Loooks good on the surface but I hope there is conference call to ask why software license revenues were way down:

Financial Highlights
Quarter Ending Quarter Ending
October 31, 2005 October 31, 2004

Software license revenue $ 558,072 $ 962,637
Software maintenance fees and other 1,406,524 1,005,993
Professional services 185,869 69,120
Total revenues 2,150,465 2,037,750
Net income 274,854 198,970
Income per share .02 .02
Cash flows from operations 293,509 502,020

Quarter Ended Year Ended
October 31, 2005 July 31, 2005

Cash and cash equivalents $ 1,283,901 $ 1,353,316
Total assets 8,189,297 8,322,411
Total liabilities 3,202,037 3,597,788
Total stockholders' equity 4,987,260 4,724,623
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