B-Scada Posts Strong 3rd Quarter Earnings
Tuesday, September 10, 2013
B-Scada (OTCQB:MOBS) has filed its 10Q for the 3rd quarter, posting an increase in revenues of 89% over the same three month period last year.
Revenue for the nine months ending July 31, 2013 increased by 62% to $1,055,013 compared to $659,022 for the same period in 2012, while net income increased from $16,034 to $317,267.
"Demand for our consulting services, graphics design and custom development was much higher than anticipated this year. Our retail product sales are increasing, revenue from technology licensing is up. Overall we are having an exceptional year. While demand for consulting services may cool for 2014, we are projecting increases in technology licensing revenue. New relationships, partnerships and agreements in the pipeline along with increased marketing efforts will contribute to increased retail product sales. New products in development will come online early in the New Year and will begin to contribute to revenue growth towards the end of 2014. Our current projections show solid growth continuing for the remainder of the year and well into 2014." - Ron DeSerranno, CEO