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OmniComm Systems, Inc. Announces 2010 First Half Results
Date:7/27/2010

FORT LAUDERDALE, Fla., July 27 /PRNewswire-FirstCall/ -- OmniComm Systems, Inc. (OTC: OMCM), a global provider of eClinical solutions and services announced its results of operations for the first half of fiscal 2010.  

New contracts for OmniComm products and services surpassed $6.9M during the first half of 2010, a 51% increase over first half of 2009.  Software as a Service (SaaS) contracts showed a steady increase over last year at this time, and technology transfer/licensing contracts showed a significant increase, comprising 70% of the new business in 2010.  Revenue for the first half totaled $5.9 million compared to revenues in the first half of last year of $4.2 million- a 40% increase year-over-year.

"During the first half of 2010, approximately 44% of our revenue has come from licensing and 12% has come from our European operations," remarked Stephen Johnson, President and Chief Operating Officer. "Coming into the year, two of our primary goals were to substantially grow our licensing revenue and to leverage our existing European operations in Germany and England to garner more international market share.  It's rewarding to see our efforts paying off."

Milestones for First Half 2010:

  • New contracts signed in the first half, totaled $6,945,450, up approximately 51% compared to the same period in 2009 at $4,601,974.
  • Revenues for the period were approximately $5.9 million, an increase of approximat
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SOURCE OmniComm Systems, Inc.
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