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Strategies & Market Trends : Aardvark Adventures

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To: ACAN who wrote (3659)	4/14/2008 6:59:09 PM
From: ~digs	Read Replies (1) of 7944

[NASDAQ:EVOL] EVOLVING SYSTEMS, INC. > 2.25 Wednesday March 12, 6:00 am ET Evolving Systems Reports 2007 Fourth Quarter and Year-End Financial Results -- Q4 Revenue up 3% from 2006 to $9.1 million, full year up 6% to $36.0 million -- Adjusted EBITDA of $1.2 million in Q4, $5.6 million for full year -- Net income of $284,000 in Q4, $598,000 for full year -- Sixth consecutive quarter of positive operating income -- $4.8 million in operating cash flow YTD vs. $3.4 million a year ago -- License and services bookings up 39% in Q4 from 2006, 16% for full year -- Year-end backlog up 43% to $19.7 million -- 10 new customer accounts in 2007 vs. 3 in 2006 -- $10.0 million debt refinancing strengthens balance sheet and cash flow biz.yahoo.com

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