Datatrak International, Inc. Reports First Quarter Results of 2019
DATATRAK INTL INC (DTRK)
NASDAQ:AMEX Investor Relations:
datatrak.com/home/company/investor-information
Company Research
Source: PR Newswire
CLEVELAND, May 6, 2019 /PRNewswire/ -- Datatrak International, Inc. (OTC Markets: DTRK), a software-as-a-service provider and innovation leader of cloud-based technologies for the life sciences industry, today announced its operating results for the first quarter of 2019. Financial Highlights:Datatrak achieved its fourth consecutive quarter of profitability and saw an increase in revenue during the three months ended March 31, 2019. Revenue for the first quarter of 2019 was $1,922,000 compared to $1,754,000 for the first quarter of 2018. Direct costs remained flat, which allowed the Company's gross profit margin to increase to 82% for the three months ended March 31, 2019 compared to 80% for the three months ended March 31, 2018. SG&A expenses decreased by $153,000, or 11%, for the three months ended March 31, 2019 compared to the three months ended March 31, 2018. The decrease in SG&A expenses was driven by lower employee expenses, due to open positions and a higher rate of softw
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