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The software company reported net incomof $16,300, or zero cents per share, compared to a net loss of or 9 cents per in the year-ago quarter. Revenuea grew to $3.8 million from $3.6 million. The one analysty who covers the company expected a net loss of 2 centws on revenuesof $3.5 Systems sales and service, maintenance and support revenues both rose 12 percenty during the quarter, while application hostingf services revenues fell 23 percent, the compan said in a news “We continue to make progress in moving this business forward to the poinrt of becoming consistently profitable; that is our main strategic goal,” said CEO Bria Patsy in the release.
In earlyy June, Streamline won a contract valued at morethan $1 millio to integrate its document workflow solutions into an electronicx medical records system at a Canadian health care region, Patsy It is the second Canadian contract the company has won in the past Despite the better news, shares of Streamline (NASDAQ: STRM), followedx most tech stocks down on Wednesday losing more than 8 percent, or 26 to $2.89. Streamline Health based in Cincinnati, is a supplier of workflow and documentgmanagement tools, applications and services to specifically health-care organizations.
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