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Gold/Mining/Energy : Decision Dynamics Technology (TSX.v)

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To: alenor who wrote (2)5/1/2007 9:28:29 AM
From: alenor  Read Replies (1) of 8
 
Back at .40. Last financial could be the reason:
"Decision Dynamics Reports 3rd Quarter of Record Revenue

First Quarter of Positive Cash Flow and Net Income

Calgary AB - 2007-04-30 - Dynamics Technology Ltd. (Decision Dynamics; TSX-V: DDY), a provider of operations management software to the energy industry, today reported positive cash flow and earnings for the first quarter of 2007. Sales were up to about $3.2 million and Net Income $260,000 for the quarter.

Sales have grown for four successive quarters with a year over year growth rate of 83%. In the fourth quarter of last year, Decision Dynamics refocused its product development on business operations solution for the energy industry and implemented an efficiency program to reduce monthly expenditures. “The programs we initiated last year are now paying dividends and we are pleased to see these very positive financial results.” said Justin Zinke, Decision Dynamics Chief Executive Officer, “We are seeing continuing customer interest in existing products in Canada and strong growth in the US sales pipeline.”

Financial Highlights (please see PDF)

Full year license revenues for the three month period ending March 31, 2007 compared to March 31, 2006 are up 68%. Services have increased over 100% due to the increase in service personnel plus more chargeable projects. Sales have grown every quarter since the first quarter of 2006.

As a result of the staff reductions and other cost cutting measures implemented in 2006, expenses for the three months ended March 31, 2007 compared to the same period in 2006 were down about 22% particularly in corporate and administrative areas.

Growth in sales combined with a reduction in expenses has resulted in Decision Dynamics first profitable quarter with positive cash flow and positive earnings."

Starting to look good, eh!

alen
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