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Streamline Health Solutions, Inc. Reports Fourth Quarter and Fiscal Year 2007 Results

Total revenues 5,636,611 3,843,731 16,563,300 15,866,973

Operating expenses:

Cost of systems

sales 1,097,288 377,334 2,904,077 2,426,595

Cost of services,

maintenance and

support 1,010,141 960,113 4,098,746 3,609,386

Cost of


hosting services 264,766 274,936 1,083,141 1,130,583

Selling, general and

administrative 1,717,199 1,432,992 6,048,214 5,802,656

Product research

and development 766,354 489,398 3,132,809 2,716,163

Total operating

expenses 4,855,748 3,534,773 17,266,987 15,685,383

Operating profit

(loss) 780,863 308,958 (703,687) 181,590

Other income


Interest income 4,697 13,062 22,256 77,337

Interest expense (2,373) (23,879) (26,221) (131,286)

Other expense (4,964) - (16,510) -

Earnings (loss)

before income taxes 778,223 298,141 (724,162) 127,641

Income tax (expense) (2,400) (2,180) (11,400) (31,180)

Net earnings (loss) $775,823 $295,961 $(735,562) $96,461

Basic net earnings

(loss) per common

share $0.08 $0.03 $(0.08) $0.01

Diluted net earnings

(loss) per common

share $0.08 $0.03 $(0.08) $0.01

Number of shares

used in per common

share computations -

basic net earnings

(loss) 9,254,450 9,211,399 9,234,313 9,195,415

Number of shares

used in per common

share computations -

diluted net

earnings (loss) 9,334,038 9,712,825 9,234,313 9,722,346


SOURCE Streamline Health Solutions, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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