SofTech, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2015
January 14, 2016 at 01:41 pm EST
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SofTech, Inc. reported earnings results for the second quarter and six months ended November 30, 2015. For the quarter, the company reported revenue of approximately $1.3 million as compared to approximately $1.0 million in the same period in fiscal year 2015, an increase of about 27.0%. The net loss for the second quarter of fiscal year 2016 was approximately $22,000 or $0.02 per share as compared to a net loss of approximately $379,000 or $0.44 per share for the same period in fiscal year 2015. EBITDA was approximately $141,000 as compared to LBITDA of $159,000 for the same period in fiscal year 2015, an improvement of approximately 188.7%.
For the six months, the company reported revenue was approximately $2.3 million as compared to approximately $1.9 million for the same period in the prior fiscal year, an increase of 20.8%. The net loss was approximately $196,000 or $0.22 per share compared to approximately $952,000 or $1.08 per share for the same period in the prior fiscal year. EBITDA was approximately $19,000 as compared to LBITDA of $567,000 for the same period in fiscal 2015.
SofTech, Inc. is engaged in the development, marketing, distribution and support of computer software solutions that enable companies to manage the lifecycle of their products from conception through design and manufacture, to service and disposal. The Company's service offerings include consulting, training and discrete engineering services. These solutions include software technology offerings for computer aided design (CAD), and product data management (PDM) and collaboration technologies. In addition, the Company offers a technology platform that allows data exchange between various third party technology offerings known as the Company's connector offering. The Company's products include ProductCenter, Connector Platform, HomeView and CADRA. The Company operates in the United States and Europe and has sales and customer support offices in the United States and Italy. The Company also operates through re-sellers in North America, Europe and Asia.
SOFTECH, INC. 
