Astea International Inc. announced earnings results for the first quarter ended March 31, 2018. For the quarter ended March 31, 2018, the company reported revenues of $6.7 million compared to revenues of $6 million for the same period in 2017. This increase in revenue from first quarter 2017 to the first quarter 2018 is even more positive because it is healthier mix or what it means that is more evenly distributed between sales subscription, licenses, on-premise licenses and professional services. Net loss to shareholders for this quarter was $119,000 or $0.03 per share compared to a net loss to shareholders of $0.8 million or $0.22 per share for the same period in 2017. Adjusted EBITDA was a positive $0.4 million for the quarter ended March 31, 2018 compared to a loss of $0.4 million for the same period in 2017.

The company expects that the rate of growth in revenue to increase throughout the year, as a result, the company is expecting to generate in excess of $15 million of recurring revenue in 2018. The company expects as revenues continue to grow, the company expects that the company will be profitable.