Earnings before interest, income taxes, depreciation and amortization (EBITDA) for the first quarter of fiscal 2009 were ($632,546) as compared to EBITDA of ($602,295) for the first quarter of fiscal 2008 and EBITDA of ($704,998) for the fourth quarter of 2008.
Rodney Schutt chief executive officer stated, “Though our first quarter results reflect a loss, we are showing positive EBITDA movement, which indicates our progress towards achieving profitable growth as a result of operational efficiencies recently put into place.” He continued, “In addition, with a growing pipeline from the Company’s direct sales and marketing efforts, existing customer support renewals and our recent contract signing with Health Diagnostics, a multi-location national provider of outpatient diagnostic services, we are able to demonstrate our continued ability to provide full-featured solutions for the complex imaging marketplace.”
