|
|
Article: ADB Systems reports Q1 2004 financial results.
- Article from:
- PR Newswire
- Article date:
- May 12, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Meets performance targets; raises new funding; provides revenue guidance for Q2
ADB Systems International (TSX: ADY; OTCBB: ADBY), a global provider of asset lifecycle management solutions, announced today financial results for its first quarter ended March 31, 2004. All figures are in Canadian dollars.
ADB reported revenues of $1.18 million in the first quarter. This compares to $1.49 million achieved in the fourth quarter of 2003 and $1.26 million in the same period of 2003. Revenue was comprised of software license sales, service fees for software implementation, application hosting, maintenance, support and training, and transaction fees from ...