Annual Revenue Shows Sharp Increase
Tuesday, November 26, 2013
B-Scada, Inc. (OTCQB:MOBS), an industry leader in SCADA (Supervisory Control and Data Acquisition) and HMI (Human Machine Interface) software for data visualization, plans to publicly announce and file with the Securities and Exchange Commission in late January 2014 its annual financial statements for the fiscal year ended October 31, 2013. Unaudited revenues for fiscal 2013 are expected to be approximately $1.54 million, exceeding revenues for fiscal 2012 by more than $470,000, or approximately 45%. Unaudited income before income taxes in fiscal 2013 is estimated to be roughly $460,000 an approximate 200% increase over fiscal 2012.
"We continue to improve our balance sheet, as we eliminate liabilities and increase net income", said Ron DeSerranno, CEO. "Our investments in our web presence, sales team and marketing automation in the past year are expected to yield revenue increases for 2014. We are confident in our ability to deliver long-term growth and profitability. The much anticipated release of our Status Enterprise product continues to be on track for early in the New Year. Status Enterprise is an enterprise level SCADA system that will firmly establish our position in the market as a leading edge technology provider for the monitoring of live industrial and commercial data. Status Enterprise will provide greater scalability, data modeling and support for HTML5 enabled devices."