Datatrak International, Inc. Reports Fourth Quarter and Full Year Results for 2019
DATATRAK INTL INC (DTRK)
NASDAQ:AMEX Investor Relations:
datatrak.com/home/company/investor-information
Company Research
Source: GlobeNewswire
CLEVELAND, March 24, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Datatrak International, Inc. (OTC Markets: DTRK), a worldwide Software-as-a-Service (“SaaS”) provider and innovation leader of cloud-based technologies for the life sciences industry, today announced its operating results for the fourth quarter and full year of 2019. Financial Highlights: Datatrak achieved its fourth consecutive year and seventh consecutive quarter of profitability. Revenue for the fourth quarter of 2019 was $1,909,000 compared to $1,915,000 for the fourth quarter of 2018. Direct costs decreased by $48,000 for the three months ended December 31, 2019 compared to the three months ended December 31, 2018 due to lower employee costs, a higher capitalization of software development and less amortization related to software development efforts that have been placed into production. The Company’s gross profit margin was 73% for the three months ended December 31, 2019 compared to 71% for the three mont
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