AVSO may have found support here..
Wednesday November 15, 8:30 am ET
BALTIMORE--(BUSINESS WIRE)--Avatech Solutions, Inc. (OTCBB:AVSO - News), the nationwide technology experts for design, engineering, and facilities management, today announced financial results for its first quarter ended September 30, 2006.Total revenue grew 30.6% over the same quarter in the prior fiscal year and totaled $12,045,000 compared to $9,227,000 in the prior period. For the three months ended September 30, 2006, Avatech reported net income of $36,000, or $0.00 per fully diluted share, compared to net income of $166,000, or $0.01 per fully diluted share, in the same period last year.The Company noted that its services revenue was ahead of its plan, increasing 40.6% from the same period in fiscal year 2006 and that its commission revenue increased 88.2% from year to year. While a portion of the increases in services and commission revenue is attributable to the May 2006 acquisition of Sterling Systems & Consulting, Inc., the Company showed strong organic growth in these revenue categories.
biz.yahoo.com |
