veramark technologies inc (VERA) Snapshot

Veramark Technologies Inc. announced unaudited financial results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $3,846,178 against $3,605,289 a year ago. Income before taxes was $20,172 against $80,432 a year ago. Net income was $20,172 against $80,432 a year ago. Net income per diluted share was $0.00 against $0.01 a year ago.

Veramark Technologies Inc. has announced the release of VeraSMART(R) 10.4, the company's latest version of its integrated telecom management software. VeraSMART 10.4 features a host of new and enhanced capabilities designed to help customers more effectively manage their telecom environment and expenses. VeraSMART includes capabilities for invoice, inventory, contract, and usage management for both mobile and fixed-line telecom. Enhancements for mobile include better, easier-to-use analytical tools for monitoring trends and identifying zero-use devices, missing discounts, and unexpected charges on every wireless invoice.

Veramark Technologies Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenues of $4.0 million increased 3% from revenues of $3.9 million for the same quarter of 2011. Net income was $270,000, or $0.03 per diluted share, for the fourth quarter of 2012 compared with a net loss of $687,000, or $0.07 per diluted share, for the fourth quarter of 2011. Income before taxes was $283,993 compared to loss before taxes of $687,181 a year ago. For the year, the company’s revenues totaled $15.3 million, representing an increase of 10% from revenues of $13.9 million for the year ended December 31, 2011. Net income was $745,000, or $0.07 per diluted share, compared with a net loss of $1.2 million, or a loss $0.12 per diluted share for the year ended December 31, 2011. Income before taxes was $758,870 compared to loss before taxes of $356,535 a year ago.