DynTek, Inc. announced audited earnings results for the fourth quarter and for full year ended June 30, 2017. The company reported revenues of $54,733,000 for the fourth fiscal quarter ended June 30, 2017, an increase of $4,222,000 or 8.3%, from $50,511,000 in the prior fourth quarter ended June 30, 2016. The company reported EBITDA of $2,951,000 for the fourth fiscal quarter ended June 30, 2017, an increase of $247,000 or 9.1%, as compared to $2,704,000 in the prior year fourth quarter. Net income was $1,375,000 for the fourth fiscal quarter of 2017, or $0.58 per diluted share, an increase of $34,000 or 2.5%, over the net income of $1,341,000 and $0.58 per diluted share in the fourth fiscal quarter of 2016. Income from operations of $2,857,000 compared to $2,087,000 a year ago.

The company reported revenues of $162,053,000 for the year ended June 30, 2017, a decrease of $14,879,000 or 8.4%, from $176,932,000 in the prior year ended June 30, 2016. The year over year revenue decrease is primarily attributable to non-recurring large scale product transactions with government and education customers in the North East. The company reported EBITDA of $6,107,000 for the year ended June 30, 2017, a decrease of $454,000 or 6.9%, as compared to $6,561,000 in the prior year. Net income was $2,498,000 for the year ended June 30, 2017, or $1.05 per diluted share, a decrease of $417,000, or 14.3%, and $0.22 per diluted share, over the net income of $2,915,000 and $1.27 per diluted share in the year ended June 30, 2016. Income from operations of $5,749,000 compared to $5,645,000 a year ago.

The company provided earnings guidance for the full year of 2018. The company's goal in fiscal 2018 is to continue to grow both government and commercial account base, with a strong focus on recurring revenue streams from managed services and multi-year agreements.