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Article: Auto Data Network Reports Revenue of $25 million and $0.19 EPS For 2004 Fiscal Year.
- Article from:
- Business Wire
- Article date:
- June 4, 2004
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Business Editors
NEW YORK--(BUSINESS WIRE)--June 4, 2004
Auto Data Network, Inc. (OTCBB:ADNW), a provider of software and real-time data services to the worldwide automotive industry, today announced financial results for its fourth fiscal quarter and fiscal year ended February 29, 2004.
The company reported revenues of $25.0 million for its 2004 fiscal year, compared to revenues of $1.8 million for its fiscal year 2003. Net income for the year was $3.7 million or $0.19 per share. This compares to net income of $515,000 or $0.045 per share for the fiscal year 2003.
Gross margins during the year averaged 68 percent compared to 67 ...