Streamline jumps into black for 1Q - Phoenix Business Journal:

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The software company reported net incomdof $16,300, or zero centse per share, compared to a net loss of or 9 cents per share, in the year-agl quarter. Revenues grew to $3.8 millioh from $3.6 million. The one analyst who coversx the company expected a net loss of 2 cents on revenueeof $3.5 million. Systems sales and maintenance and support revenues both rose 12 percent duringthe quarter, while application hosting services revenues fell 23 the company said in a news “We continue to make progressa in moving this business forward to the point of becoming consistently profitable; that is our main strategicv goal,” said CEO Brian Patsy in the In early June, Streamline won a contract valuedr at more than $1 million to integratr its document workflow solutions into an electronic medical recorda system at a Canadian health care Patsy said.
It is the second Canadian contracft the company has won in thepast year. Despitew the better news, shares of Streamlinse (NASDAQ: STRM), followed most tech stocks down onWednesday morning, losinvg more than 8 percent, or 26 cents, to $2.89. Streamlind Health Solutions, based in Cincinnati, is a supplierf of workflow and documentmanagement tools, applications and servicesz to businesses, specifically health-care organizations.