SofTech, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended February 29, 2016
April 14, 2016 at 06:38 pm EDT
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SofTech, Inc. reported unaudited earnings results for the third quarter and nine months ended February 29, 2016. For the quarter, the company reported total revenue of $912,000 against $925,000 a year ago. Operating loss was $292,000 against $270,000 a year ago. Loss from operations before income taxes was $310,000 against $356,000 a year ago. Net loss was $310,000 against $356,000 a year ago. Basic and diluted net loss per share was $0.34 against $0.40 per share a year ago. LBITDA was $249,000 against $171,000 a year ago.
For the nine months, the company reported total revenue of $3,197,000 against $2,816,000 a year ago. Operating loss was $430,000 against $1,051,000 a year ago. Loss from operations before income taxes was $505,000 against $1,307,000 a year ago. Net loss was $505,000 against $1,307,000 a year ago. Basic and diluted net loss per share was $0.56 against $1.47 per share a year ago. LBITDA was $280,000 against $686,000 a year ago.
SofTech, Inc. is engaged in the development, marketing, distribution and support of computer software solutions that enable companies to manage the lifecycle of their products from conception through design and manufacture, to service and disposal. The Company's service offerings include consulting, training and discrete engineering services. These solutions include software technology offerings for computer aided design (CAD), and product data management (PDM) and collaboration technologies. In addition, the Company offers a technology platform that allows data exchange between various third party technology offerings known as the Company's connector offering. The Company's products include ProductCenter, Connector Platform, HomeView and CADRA. The Company operates in the United States and Europe and has sales and customer support offices in the United States and Italy. The Company also operates through re-sellers in North America, Europe and Asia.
SOFTECH, INC. 
