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Streamline Health(R) Solutions Reports First Quarter Results
Date:6/9/2009

eductions initiated in the third quarter of 2008 in response to the market shift toward SaaS (Software as a Service)-based hosting contracts. During the just completed quarter, Selling, General and Administrative expenses decreased by $384,000 and Product Research and Development expenses decreased by $373,000.

The operating profit for the first quarter of fiscal 2009 was $28,000 compared with an operating loss of $813,000 in the first quarter of fiscal 2008. This $841,000 improvement in earnings is the result of increased systems sales, increased professional services, increased maintenance services, and improved cost management.

Total backlog at the end of the quarter was $24.3 million, representing an increase of 59% over the comparable backlog of a year ago. Growth in the backlog was primarily driven by a large increase in SaaS-based hosting services contracts won throughout 2008. Backlog declined by about 7% since the end of January 2009 reflective of the Company recognizing revenues from sales made in 2008 and the suspension of one small hosting client during the quarter due to economic factors.

Conference Call Information

The Company will conduct a conference call and web cast to review the results of the first quarter of fiscal 2009 later today, June 9, 2009 at 4:30 p.m. ET.

Interested parties can access the call by dialing (800) 860-2442 or (412) 858-4600, or can listen via a live Internet web cast, which can be found at www.streamlinehealth.net. A replay of the call will be available by visiting www.streamlinehealth.net for 30 days or by calling (877) 344-7529 or (412) 317-0088, access code 431236, through June 12, 2009 at 5:00 p.m. ET.

About Streamline Health

Streamline Health is a leading supplier of docu
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SOURCE Streamline Health Solutions, Inc.
Copyright©2009 PR Newswire.
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