In-Touch Survey Systems Ltd. Reports Preliminary Earnings Results for the Fourth Quarter 2011; Provides Revenue Guidance for the Year 2012
February 14, 2012 at 07:45 pm IST
In-Touch Survey Systems Ltd. reported preliminary earnings results for the fourth quarter 2011. For the quarter, the company has reported revenue increased 91% to $3,016,534 compared to $1,578,627 in fourth quarter 2010. The company had net earnings of $184,200, an increase of 29% compared to net earnings of $143,139 in fourth quarter 2010. The company-defined adjusted EBITDA increased 18% to approximately $370,000 compared to an EBITDA of $315,000 in fourth quarter 2010.
The company is forecasting revenues in 2012 in the $11,250,000 to $13,500,000 range.