WIZD.ob
Wednesday May 16, 8:56 am ET
PITTSBURGH--(BUSINESS WIRE)--Wizzard Software (OTCBB:WIZD - News) announced today that the Company recorded revenues of $725,926 during the first quarter ended March 31, 2007, a 21% increase from revenues of $602,391 in the first quarter of 2006. The growth in the first quarter of 2007 was driven by increased revenues in their speech technology business, the talking pill bottle and the addition of the Liberated Syndication operation (podcasting) in the last month of the quarter. The Company's speech technology (software) business grew 48% when compared to the first quarter of 2006, and 40% compared to the last reported quarter (Q4 2006). Wizzard posted a gross profit of $257,333 during the first quarter of 2007, versus a gross profit of $224,853 in the first quarter of 2006, an increase of 14%. Cash on hand was $1,974,801 at March 31, 2007, a 586% increase ($1,687,278) over the $287,523 on hand on March 31, 2006. biz.yahoo.com
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