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Micro-Cap Announces Impressive 3 & 6 Month Revenues
By: AllPennyStocks.com News
August 14, 2009
There are lots of flaws in the health-care system, but also lots of solutions aimed at fixing those defects, particularly technological solutions. Before a generation ago, for example, had anyone even heard of a CAT-scan, the device that could look into your body without having to cut you open, and diagnose what’s wrong with you?
Technology is solving problems in all walks of life, and the companies that can solve the most problems the quickest are the ones that prosper. In mid-August, Albuquerque-based New Mexico Software, Inc. (OTCBB:NMXC) released figures that illustrated how well… how phenomenally well… it was doing on solving problems in the health-care and business fields.
NMXC announced second-quarter revenues in 2009 had swamped those in the same quarter the year before by 345%, to $902,000. Its six-month figures were even more impressive; revenues roared ahead 318% to $1.8 million. Gross profit zoomed 259% between second quarters to $226,000, while net loss eased to $63,000 from $172,000 the previous year.
New Mexico Software, Inc. develops and provides medical Information Technology services and solutions to improve and hasten communication within the preventive, comprehensive and critical health-care segments. NMXC also provides software and hardware that streamlines administrative processes for a more efficient working environment for companies in general.
Its Telerad Radiological Services subsidiary, started in May of last year, has as its primary focus the delivery of interpretive radiological cases studies for medical facilities. CEO Dick Govatski says Telerad has since become NMXC’s primary business segment.
The company’s Business Process Acceleration solutions bridge the gap between the paper and digital worlds, and reduce dependence on paper files. Printing, mailing, storing, and shredding paper files takes time and money, and going digital cuts costs and eliminates wasted effort. The products not only organize and archive; they allow a firm to control document access and dissemination. Since those products are designed for web technology, distribution can take place anywhere in the world, anytime.
Founded in 1995, the company went public four years later, amid the dot com boom of the late 90s, something it had to weather when the boom went bust. New Mexico Software survived and managed to move on by identifying a serious problem area in Information Technology, and helping firms manage their digital assets more efficiently.
“We believed”, says the company website, “that Digital Asset Management was a serious enough issue that our business could achieve success and longevity by solving this problem.” The screamingly good revenue numbers appear to have borne out that vision.
The day the wraps were taken off the financial numbers, NMXC stock sat at six cents a share, in the upper end of a 52-week range that peaked at 8.9 cents last February, after lurking down the basement at 1.1 cents in September, just as the word “recession” was being written with a capital R. This could be one of the best-kept secrets in the small cap stock arena.
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