Datatrak International, Inc. Reports Third Quarter Results of 2018

Thursday, November 8, 2018 General News
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Datatrak International, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

For the 3 Months Ended September 30,

2018

2017

Revenue

$1,846,940

$1,736,872

Direct costs

346,257

333,172

   Gross profit

1,500,683

1,403,700

Selling, general and administrative expenses

1,235,386

1,247,636

Depreciation and amortization

173,428

160,937

   Income (loss) from operations

91,869

(4,873)

Interest income

746

911

Interest expense

(1,145)

(38,096)

Gain on marketable securities

80

—

   Net income (loss) before income taxes

$     91,550

$  (42,058)

Income taxes

—

—

   Net income (loss)

$     91,550

$  (42,058)

     Net income (loss) per share:

          Net income (loss) per share, basic

$         0.04

$      (0.02)

          Weighted-average shares outstanding, basic

2,304,195

1,924,778

          Net income (loss) per share, diluted

$         0.04

$      (0.02)

          Weighted-average shares outstanding, diluted

2,336,975

1,924,778



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