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Omnicity Corp. (OMCY.OB) Reports Substantial Increase in Subscribers; Record Revenue
QualityStocks (October 27th, 2009) Writes:
Omnicity Corp, the Midwest’s largest fixed Wireless Internet Service Provider (WISP), announced after the closing bell today its financial results for the fourth quarter 2009.
The company highlighted the following impressive results:
– Q4 09 revenues increased 89% to $611,000 compared to Q4 08 revenues of $322,000 – Q4 09 revenues increased 44% compared to Q3 09 revenue of $425,000 (Q3 09 – 46% increase over Q2 09) – Successfully expanded its subscriber base to 5,200 subscribers – The Company expects revenues in excess of $650,000 for Q1 2010
Revenues for the year ended July 31, 2009 increased 63% to $1,689,000, while revenue for the fourth quarter alone increased by $288,000 to $611,000, an increase of 89%. This significant growth reflects an increase in recurring service revenue from the company’s four asset acquisitions; ND Wave, ForePoint Networks, North Central Communications and Cue Connex.
...ceo, fiber optic, fiber optic services, ForePoint Networks, Greg Jarman;, Indiana, Investing Lessons, Omnicity Corp.;, Small & Micro Cap, USD
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