SEDONA Releases Quarterly 2012 Financial Results
KING OF PRUSSIA, Pa., Nov. 29, 2012 /PRNewswire via COMTEX/ --
SEDONA® Corporation (OTCPK: SDNA), a leading edge software development company focused on providing Customer and Member Relationship Management (CRM/MRM) and Enterprise Profit Analytics solutions to banks and credit unions, announced its operating results for the third quarter of 2012.
Financial Period over Period Summary for the nine months ending September 30, 2012:
Description September 30, September 30, % Change
Total Revenues $ 1,038,000 $ 963,000 8%
Total Cost of Revenues $ 185,000 $ 155,000 19%
Gross Profit $ 853,000 $ 808,000 6%
Total Operating Expenses $ 813,000 $ 790,000 3%
Gain/Loss from Operations $ 40,000 $ 18,000 22%
David R. Vey, Chairman and CEO of SEDONA Corporation stated, "New sales and added services continue to strengthen our business. We have made great strides in our efforts to increase recurring revenues, which provides not only a consistent and predictable revenue stream but enables confident decisions in planning our future growth."
SEDONA's Financial Report was provided to the OTCMarkets.com website Thursday, November 29, 2012, which can be accessed using http://www.otcmarkets.com/stock/SDNA/quote.
Safe Harbor Statement: This press release contains forward-looking statements that involve risks and uncertainties. The statements of this Summary Overview are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.
For additional information, please contact SEDONA Corporation, 610-337-8400 or visit SEDONA Corporation's website: www.sedonacorp.com.
SEDONA® is a registered trademark, SEDONA CRM(TM) and SEDONA MRM(TM) are trademarks of SEDONA Corporation.
All other trade names are the property of their respective owners.
SOURCE SEDONA Corporation
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