HICKORY, N.C., Feb. 18, 2014 /PRNewswire/ -- Fortran
Corporation (OTC Pink: FRTN), a leading communications systems
integrator, announced financial results for the three and six month
periods ending December 31, 2013
compared to the same periods 2012. Financial highlights for the
quarters respectively were:
|
Three Months
Ended
|
Six Months
Ended
|
% Increase
|
|
2013
|
2012
|
2013
|
2012
|
2013
|
2012
|
|
(In
Thousands)
|
(In
Thousands)
|
|
|
|
|
|
|
|
|
|
|
Revenue:
|
$ 770
|
$ 580
|
$ 1647
|
$ 1068
|
33%
|
54%
|
|
Gross
Profit
|
$ 411
|
$ 222
|
$
935
|
$
416
|
85%
|
125%
|
|
Operating Income
(Loss)
|
$
29
|
$
17
|
$
133
|
$
(30)
|
70%
|
*
|
|
|
|
|
|
|
|
|
*- N/C
|
"I am very satisfied with my staff for the first six months of
the year and our mission to continue building stakeholder value and
development of our core earnings through organic sales, small to
mid-sized company acquisitions and funding opportunities to
continue our current growth initiatives for the next several
years," stated Doug Rink, President
and CEO of Fortran Corporation.
About Fortran Corporation
Fortran Corporation is a
leading communications system integrator through its subsidiaries,
The New Telephone Company, Inc., CCI-Telecom, Inc., B & L
Telephone LLC and Fortran Communication, Inc. Fortran Corp. is
dedicated to designing, sourcing, implementing and maintaining
today's complex communications solutions for business and
governments. Fortran services more than 3,000 clients in 2 states
with 3 offices in the southeast. To learn more, please visit the
Fortran Corporation website at www.fortrancorp.com.
Disclaimer
The press release is for information purposes only and is not
intended to constitute, and should not be construed as, an offer to
sell or a solicitation of any offer to buy shares of Fortran
Corporation in the United States
or in any other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from
registration or qualification under the securities laws of such
jurisdiction, and the distribution of this communication in
jurisdictions may be similarly restricted. The matters discussed
herein may also be affected by risk and uncertainties described
from time to time in Fortran Corporation's filings with the OTC
Markets News Service. The company assumes no obligation to update
any forward-looking statement.
SOURCE Fortran Corporation
