DynTek Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company reported
revenues of $39,009,000 for the third fiscal quarter ended March 31, 2016, an increase of $9,384,000 or 31.7%, from $29,625,000 in the prior year third quarter ended March 31, 2015. EBITDA was $1,026,000 for the third fiscal quarter ended March 31, 2016, an increase of $525,000 or 104.8%, as compared to $501,000 in the prior year third quarter. Net income was $392,000 for the third fiscal quarter of 2016, or $0.17 per diluted share, an increase of $310,000 and $0.13 per diluted share, over the net income of $82,000 and $0.04 per diluted share in the third fiscal quarter of 2015. The increases in EBITDA and net income as compared to prior year third quarter are primarily attributable to increased gross profit, higher services margins, and leveraging related selling expenses. Income from operations was $927,000 against $411,000 for the same period a year ago. Income before income taxes was $653,000 against $135,000 for the same period a year ago.

The company reported revenues of $126,421,000 for the nine months ended March 31, 2016, an increase of $13,042,000 or 11.5%, from $113,379,000 in the prior nine months ended March 31, 2015. EBITDA was $3,856,000 for the nine months ended March 31, 2016, an increase of $136,000 or 3.7%, as compared to $3,720,000 in the prior year nine month period. Net income was $1,573,000 for the nine months ended March 31, 2016, or $0.69 per diluted share, an increase of $48,000, 3.2% and $0.02 per diluted share, over the net income of $1,525,000 and $0.67 per diluted share in the nine months ended March 31, 2015. Income from operations was $3,557,000 against $3,461,000 for the same period a year ago. Income before income taxes was $2,622,000 against $2,539,000 for the same period a year ago.