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Micro-Cap Announces Record Q3 Financial Results, Shares Soar
By: AllPennyStocks.com News
September 15, 2009
Throughout the recession – which may be ending, according to the economic experts – there remained no shortage of folks traveling, and therefore, in need of homes away from home. A small-cap technology company that capitalized on this need, and made no bones about letting the world know about it in the middle of September, was Montreal-based Superclick, Inc. (OTCBB:SPCK).
The company boasts a leadership role in providing Internet Protocol (IP) infrastructure management solutions to the hospitality industry, and through sheer belief in its strengths, vaulted to record numbers during its fiscal quarter. During that three-month period that ended with July, Superclick reported net revenues of $2.2 million, an increase of 49% from the $1.4 million reported for the third quarter of fiscal year 2008.
The 49% year-over-year increase in revenues for the third quarter was the result of a 71.7%, or $495,724 improvement, in new business revenue and 29.9%, or $235,909 increase, in services revenue. Installation revenue for the quarter was $1.1 million, compared with $691,123 for the same period last year. Net income for the quarter ended July 31, 2009 was $292,973, or $0.01 basic and $0.00 per diluted share, compared with net income of $199,145, or $0.00 per basic and diluted share for the same period last year.
For the fiscal year-to-date, Superclick reported net revenues of $5.5 million, an increase of 16.0% over the $4.7 million reported for the first nine months of fiscal year 2008.
SPCK develops, manufactures, markets and supports Internet management systems monitoring and management applications and media distribution systems, for worldwide hospitality, conference centre and event, multi-tenant unit and university markets. Current clients include MTU residences and Candlewood Suites, Crowne Plaza, Fairmont Hotels and Resorts, Hilton and Holiday Inn, and more of the major players in the hotel business throughout North America and worldwide.
Its Superclick Internet Management Server (SIMS) platform for the wired and wireless HSIA environment offers such clients more manageability, greater transparency and better overall service to your guests. “Fewer guest complaints. More guest satisfaction,” says the company website.
The news about SPCK’s improved bottom line sent the company’s stock soaring more than 10% to around the 14-cent mark. While it’s an amazing jump, the price is still in the bargain basement compared to the 19-cent mark the price achieved in April, digging out of a gully around 2.2 cents in October. But the product and the following it’s acquired serves as proof that good companies can prosper in just about any economic atmosphere.
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