SofTech, Inc. Reports Financial Results for the Third Quarter and Nine Months Ended February 28, 2014
April 24, 2014 at 02:41 am EDT
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SofTech, Inc. reported financial results for the third quarter and nine months ended February 28, 2014. The company has reported that net loss for the third quarter ended February 28, 2014 was $275,000, or $0.31 loss per share, compared to a net loss of $14,000, or $0.01 loss per share, for the same quarter ended February 28, 2013. Total revenue for the third quarter ended February 28, 2014 was $1.34 million, compared to $1.46 million for the same quarter ended February 28, 2013.
Net loss for the nine months ended February 28, 2014 was $585,000, or $0.66 loss per share, compared to a net income of $411,000, or $0.41 per share, for the same period ended February 28, 2013. Total revenue for the nine months ended February 28, 2014 was $4.13 million, compared to $4.80 million for the same period ended February 28, 2013.
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. 
