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Streamline Health Solutions, Inc. Reports Third Quarter Results
Date:11/26/2007

CINCINNATI, Nov. 26 /PRNewswire-FirstCall/ -- Streamline Health Solutions, Inc. (Nasdaq: STRM) today announced the financial results for the third fiscal quarter and first nine months ended October 31, 2007.

GAAP Revenues for the fiscal third quarter increased 10% to $3.9 million, compared with $3.6 million reported in the third quarter of last year. The operating profit for the quarter was $16 thousand compared with an operating loss of $297 thousand in the comparable prior quarter. The net earnings for the third quarter were $3 thousand, or $0.00 per basic and diluted common share, compared with a net loss of $334 thousand, or a $0.04 loss per basic and diluted common share in the third quarter of last year.

GAAP Revenues for the first nine months were $10.9 million, when compared with $12 million reported in the comparable period of last year. The operating loss was $1.5 million compared with an operating loss of $127 thousand in the comparable prior period. The net loss for the period was $1.5 million, or a $0.16 loss per basic and diluted common share, when compared with a net loss of $199 thousand, or a $0.02 loss per basic and diluted common share in the comparable prior period.

In addition to using GAAP results in evaluating the business, management also believes it is useful to evaluate results using non-GAAP measures. Using a non-GAAP measure, the Company reported non-GAAP revenue year-to-date of $12 million, which includes approximately $1.1 million in software licensing revenues and excludes approximately $1 million in services and 3rd party components contracted for in the second quarter. On a non-GAAP basis, to include the software licensing revenues noted above, the operating loss y
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SOURCE Streamline Health Solutions, Inc.
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