Business
In-Touch Survey Systems Announces 20% growth for 2015 & forecasts 40% growth for 2016
In-Touch Survey Systems Announces 20% growth for 2015 & forecasts 40% growth for 2016 ...
About this update from Intouch Insight Ltd.
[{"type":"text","content":"\n\n\n\nIn-Touch Survey Systems Announces 20% growth for 2015 & forecasts 40% growth for 2016\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nIn-Touch Survey Systems Announces 20% growth for 2015 & forecasts 40% growth for 2016\nCanada NewsWire\nOTTAWA, Feb. 18, 2016\n\n\n\nOTTAWA, Feb. 18, 2016 /CNW/ - In-Touch Survey Systems Ltd. (TSXV: INX) today announces that 2015 revenue has exceeded $10 million resulting in a growth rate of more than 20% for the year.  The 2015 actual audited results will be released later in March. \n\nBased on the current customer orders and the strength of its plans for 2016 the company is forecasting growth of 40% in 2016 which will result in revenue in excess of $14 million.  The significant growth is forecasted based on expected performance from its legacy lines of business as well as from its new software licensing and recurring revenue models.  \n\n\"We are very pleased to announce that we have exceeded our targets for growth in 2015 as well as the tremendous growth forecast in 2016,\" says Cameron Watt, President & CEO at In-Touch Survey \"In particular, we are very optimistic regarding the future potential for us to deliver recurring revenue from software licensing.\"\n\n\"We are also looking for additional levers to pull around both organic and acquisition activity which would allow us to improve on the 40% growth forecast\", added Watt.\n\nAbout In-Touch Survey\n\nIn-Touch Survey Systems operates under the trade name of \"Intouch Insight\" and provides real-time insights for business improvement.  By providing connected data capture and analytics solutions they are able to bring insights from the field to their clients.  Their client base includes many fortune 500 customers and has concentrations in the retail, foodservice & hospitality, gas & convenience, financial services, automotive and pharmaceutical industries.\n\nThe company trades on the TSXV under the symbol INX.  Its full product lines can be seen through its website at intouchinsight.com.\n\n \n\nCertain statements inclu...