B-Scada's Q2 revenues, Net Income Show Increase Over 2012 Wednesday, June 12, 2013
B-Scada Inc. (OTCQB:MOBS) has filed its 10Q for the quarter ending April 30, 2013. Our quarterly revenues increased from $197,508 to $440,270, for an increase of $242,762. Additionally, our second quarter net income increased $212,441.
"Sales of our existing SCADA products are strengthening." says Ron DeSerranno, CEO. "Combined with our long term technology licensing agreements, this puts us in a very good position for continued growth. New products to be released towards the end of the year will add even more momentum. It is a very exciting time for our customers, shareholders and staff."
B-Scada's revenue is generated from two sources, through retail sales of our HMI and SCADA software products and through licensing of technology to other companies for use in the products they produce. 'Status' is a powerful SCADA (Supervisor Control and Data Acquisition System) software program capable of connecting to real time industrial data and displaying the information in real time to operators, maintenance personnel and supervisors. B-Scada has attracted a number of resellers and system integrators that are now promoting and using 'Status' in commercial settings. Status is now being used to monitor one of the largest subway systems in the world. It is monitoring HVAC performance in pharmaceutical manufacturing facilities in China, railways in Italy, and used in numerous vertical markets in the United States including electricity generation, waste water and EPA monitoring.