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Streamline Health Solutions Reports Q3 Results
Date:12/8/2010

>

1,690,650

$

957,384Services, maintenance and support2,989,6103,006,0028,364,1208,522,975Application-hosting services901,934930,2422,636,5992,445,978Total revenues4,470,8764,106,04512,691,36911,926,337Operating expenses:Cost of systems sales737,385658,2942,255,7802,091,989Cost of services, maintenance and support1,347,0551,317,6194,108,0433,697,735Cost of application-hosting services480,327407,9531,409,4531,203,606Selling, general and administrative1,361,6571,540,7454,565,0974,010,877Product research and development400,133466,4551,437,4511,196,645Total operating expenses4,326,5574,391,06613,775,82412,200,852Operating profit (loss)144,319(285,021)(1,084,455)(274,515)Other income (expense):Interest expense(31,585)(12,137)(87,921)(30,254)Other income (expense)(13,158)1,38729,62820,390Earnings (loss) before taxes99,576(295,771)(1,142,748)(284,379)Income taxes(5,000)-(15,000)(13,000)Net earnings (loss)

$

94,576

$

(295,771)

$

(1,157,748)

$

(297,379)Basic net earnings (loss) per common share

$

0.01

$

(0.03)

$

(0.12)

$

(0.03)Diluted net earnings (loss) per common share

$

0.01

$

(0.03)

$

(0.12)

$

(0.03)Number of shares used in per common share computations:   Basic9,536,0519,423,2119,486,2339,385,969   Diluted9,544,1839,423,2119,486,2339,385,969STREAMLINE HEALTH SOLUTIONS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETSAssets(Unaudited)(Audited)October 31,January 31,20102010Current assets:Cash and cash equivalents

$

665,472

$

1,025,173Accounts receivable, net of allowance for doubtfulaccounts of $100,000 2,408,8221,922,279Contract receivables705,4721,182,308Prepaid hardware and third party software for future delivery204,263149,281Prepaid other, including prepaid customer maintenance contracts1,121,8571,363,332Deferred income taxes224,000224,000Total cu
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SOURCE Streamline Health Solutions, Inc.
Copyright©2010 PR Newswire.
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