Reis (REIS) Tops Q1 EPS by 1c

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Reis, Inc. Announces First Quarter 2016 Results

May 3, 2016 8:45 AM EDT

NEW YORK, May 03, 2016 (GLOBE NEWSWIRE) -- Reis, Inc. (NASDAQ: REIS) (Reis or the Company), a leading provider of commercial real estate market information and analytical tools, announced its financial results for the first quarter ended March 31, 2016.  

Subscription revenue was $12,824,000 for the three months ended March 31, 2016, growth of 15.2% over the three months ended March 31, 2015 revenue of $11,131,000.  This is the Companys 24th consecutive quarterly increase in subscription revenue over the prior years corresponding quarter. 

Income from continuing operations grew 24.1% to $1,604,000, or $0.14 per basic and diluted share, for the three months... More