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Streamline Health Solutions, Inc. Reports Fourth Quarter and Fiscal Year 2007 Results
Date:3/31/2008

CINCINNATI, March 31 /PRNewswire-FirstCall/ -- Streamline Health Solutions, Inc. (Nasdaq: STRM) today announced the financial results for the fourth quarter and fiscal year ended January 31, 2008.

Revenues in the fourth quarter of fiscal year 2007 were $5.6 million, a 47% increase, compared with $3.8 million in the fourth quarter of fiscal year 2006. The Operating Profit for the fourth quarter was $781 thousand, a 153% increase, compared with an Operating Profit of $309 thousand in the fourth quarter of fiscal year 2006. The Net Earnings for the quarter was $776 thousand or $0.08 per share, compared with Net Earnings of $296 thousand or $0.03 per share in the fourth quarter of fiscal year 2006.

For the 2007 fiscal year ended January 31, 2008, revenues were $16.6 million compared with $15.9 million in fiscal year 2006. The Operating Loss for the fiscal year was $704 thousand compared with an Operating Profit of $182 thousand in fiscal year 2006. The Net Loss for fiscal year 2007 was $736 thousand or $0.08 per share compared with Net Earnings of $96 thousand or $0.01 per share in fiscal year 2006.

Using a non-GAAP measure, the Company reported non-GAAP revenues for Fiscal Year 2007 of $17.7 million, (which includes approximately $1.1 million of software licensing revenues which could not be recognized under GAAP until such time as site specific integration of our standard software required by the customer can be completed) and a non-GAAP Operating Profit of $396 thousand.

J. Brian Patsy, President and Chief Executive Officer, stated, "Our strong fourth quarter performance was in line with our traditional operating patterns. This was a direct result of the fact that we finalized contract negotiations on several si
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SOURCE Streamline Health Solutions, Inc.
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