Intelligent Systems (INS) Reports Q1 EPS of $0.23 on Revenues of $6.97M

Intelligent Systems (NYSE: INS) reported Q1 EPS of $0.23, versus $0.10 reported last year. Revenue for the quarter came in at $6.97 million, versus $4.06 million reported last year.

“We re-affirm our previously reported preliminary first quarter 2019 revenues of about $7 million (actual $6,966,000) and preliminary income from operations of $2.5 to $2.7 million (actual $2,605,000) representing significant growth from the same period last year and a good increase from the fourth quarter of 2018. This is significantly higher than the first quarter of 2018 for both revenue and operating profit affirming the progress we made during the last year.”

“The quarter was a good start to what we believe will be a very good year for the company as we continue toward our path of becoming a world class processor. In addition to our ongoing and growing repeating revenues, we will probably see a nice uptick in license revenue at some point in the year,” commented Leland Strange, CEO of Intelligent Systems.

For earnings history and earnings-related data on Intelligent Systems (INS) click here.

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