KING OF PRUSSIA, Pa., April 17, 2013 /PRNewswire/ --SEDONA® Corporation (OTCPK: SDNA), a leading edge software development company focused on providing Customer and Member Relationship Management (CRM/MRM) and Profit Analytics solutions to banks and credit unions, announced its operating results for the Fiscal Year that ended December 31, 2012.
Financial Year over Year Summary for the year ending December 31, 2012:
Description | 2012 | 2011 | 2010 |
Total Revenues | $ 1,462,000 | $ 1,315,000 | $ 1,344,000 |
Total Cost of Revenues | $ 240,000 | $ 208,000 | $ 271,000 |
Gross Profit | $ 1,222,000 | $ 1,107,000 | $ 1,073,000 |
Total Operating Expenses | $ 1,095,000 | $ 1,070,000 | $ 1,154,000 |
Gain/Loss from Operations | $ 127,000 | $ 36,000 | ($ 81,000) |
David R. Vey, Chairman and CEO of SEDONA Corporation stated, "The FY-2012 financial results are the product of our dedicated employees' hard work and execution of our proven effective operational strategies. New sales and added services strengthened our business and increased recurring revenues, positioning us for future growth."
SEDONA's abridged 2012 Financial Report will be available on the the OTCMarkets.com website Thursday morning, April 18, 2013, which can be accessed using http://www.otcmarkets.com/stock/SDNA/quote.
Conference Call: SEDONA will hold a conference call on Thursday, April 25, 2013, at 3:00PM EDT for interested shareholders to discuss the Company's fiscal 2012 operating results. The participant dial-in number will be posted on our web site and available in the shareholder letter on the OTCMarkets.com website. Following the conference call we will be providing a product demonstration for interested shareholders. Replays of the call will also be available.
Safe Harbor Statement: This press release contains forward-looking statements that involve risks and uncertainties. The statements of this Summary Overview are forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.
For additional information, please contact SEDONA Corporation, 610-337-8400 or visit SEDONA Corporation's website: www.sedonacorp.com.
SEDONA® is a registered trademark, SEDONA CRM' and SEDONA MRM' are trademarks of SEDONA Corporation.
All other trade names are the property of their respective owners.
SOURCE SEDONA Corporation
