Oorspronkelijke tekst
Deze vertaling beoordelen
Je feedback wordt gebruikt om Google Translate te verbeteren
Home
Fortran Corp.
Fortran Corp Announces Results for Year Ending June 30th 2015
Published Sep 19 2015
3 min read

Fortran Corp Announces Results for Year Ending June 30th 2015

Fortran Corp Announces Results for Year Ending June 30th 2015

HICKORY, N.C., February 16th, 2015  Fortran Corporation (OTC: FRTN) a leading communications systems integrator and service provider announced financial results for the year ending June 30th 2014 compared to the same year 2013.  Financial highlights for the year respectively were:

(in thousands)

Year-end Annual Report 2014

Year-end Annual Report 2013

Revenue:

$3,938

$3,361

Gross Profit:

($196)

($73)

Operating Income:

$184

$29

 

“Incorporating the customers and product differences within our existing business has taken longer and cost more than I originally anticipated causing a loss year over year.” Stated Douglas Rink, President and CEO.  “We’ve seen slight improvements in orders for new equipment in the last year, hopefully this trend will continue.”  “We’re continuing to explore other non-telecom service businesses related opportunities presented to us over the last year to diversify our holdings in an effort to smooth our revenue seasonality” he goes on to say.

About Fortran Corporation:

Fortran Corp., is a leading communications systems integrator through its subsidiaries and is dedicated to designing, sourcing, implementing and maintaining today's complex communications solutions for businesses and governments.  Fortran services more than 8,231 clients in 2 states with 3 offices in the southeast.  To learn more, please visit the Fortran Corp. website at www.fortrancorp.com

Disclaimer

The press release is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy shares of Fortran Corporation in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction, and the distribution of this communication in jurisdictions may be similarly restricted.  The matters discussed herein may also be affected by risk and uncertainties described from time to time in Fortran Corporation's filings with the OTC Markets News Service.  The company assumes no obligation to update any forward-looking statement.

SOURCE Fortran Corp