Cimetrix Incorporated Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014
For the nine months, the company reported total software revenues of $4,444,000 against $3,616,000 a year ago. Total revenues were $4,681,000 against $3,806,000 a year ago. Income from operations was $299,000 against loss from operations of $112,000 a year ago. Income before income taxes was $301,000 against loss before income taxes of $101,000 a year ago. Net income was $173,000 or $0.00 per diluted share against $1,328,000 or $0.03 per diluted share a year ago.
For the fourth quarter 2014, the company announced that as the company has stated consistently throughout the year, it expects to remain profitable on a quarterly basis while providing solid double-digit revenue growth year-over-year. The company will continue to execute to its plan by focusing on satisfying its growing customer base, improving its current product lines, and investing in R&D for future growth.