Data Call Technologies Reports Increased Revenues and Steady Gain in Operational Profits
May 16 2014 - 1:18PM
Marketwired
Data Call Technologies Reports Increased Revenues and Steady Gain
in Operational Profits
FRIENDSWOOD, TX--(Marketwired - May 16, 2014) - Data Call
Technologies, Inc. (OTCBB: DCLT) (the "Company" or "Data Call"),
listed on the OTC Bulletin Board (the "Exchange"), a Digital
Signage aggregator, is proud to announce its financial results for
the Quarter ended March 31, 2014.
The Company announced Monday its financial results for the
Quarter ended March 31, 2014. The Company's revenues for the
three months ended March 31, 2014 were $166,775 compared to
$157,100 for the three-month period ended March 31, 2013,
representing an increase of $9,675 or 6.2% during the same period
in the prior year. The increase in revenues comes from additional
contracts and the renewal of annual contracts at the beginning of
the year.
Gross margins for the three months ended March 31, 2014 were
$134,201 compared to $128,543 or 81.8% for the three-month period
ended March 31, 2013.
Selling, General and Administrative expenses for the three
months ended March 31, 2014 were $143,779 compared to $256,653 for
the three-month period ended March 31, 2013, representing a
decrease of $112,874 from the same period in the prior year. The
decrease in SG&A expenses is mainly due to decreased legal
expenses of $32,476 from the management changes at the beginning of
the year 2013.
Net loss for the three months ended March 31, 2014 was $13,292
compared to a net loss of $130,167 for the three-month period ended
March 31, 2013. For the quarter ending March 31, 2014, the Company
recorded a profit from operations of $43,427 as compared to an
operational net loss of $1,867 of the quarter ending March 31,
2013. To calculate operating profit, the Company calculated all of
the reorganization and reoccurring non-cash expenses for the first
quarters ended 2014 and 2013 and then added those items back to the
losses of the two quarters. The operational profit of $43,427 was
the largest profit ever generated by the Company in its
history.
"I firmly believe that the momentum that the company is
experiencing is strongly influenced by the company's renewed
culture. I am extremely proud of our team and their dedication. The
first quarter has been a very promising time for us. Many new
products have come online. With the multiple new client
relationships that were formed in this quarter, I expect us to
continue to gain a larger market share in the Digital Signage space
over the next quarters," stated Tim Vance, the Company's CEO.
For future press releases and more information on the company,
please visit www.datacalltech.com
Forward-Looking Statements Statements contained
herein, which are not historical facts, including statements about
plans and expectations regarding business areas and opportunities,
demand and acceptance of new or existing businesses, capital
resources and future financial results are "forward-looking"
statements as contemplated by the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are subject to
risks and uncertainties, including, but not limited to, government
regulation, taxation, spending, competition, general economic
conditions and other risk factors which could cause actual results
to differ materially from those projected or implied in the
forward-looking statements. There may be other factors not
mentioned above that may cause actual results to differ materially
from any forward-looking information. The company takes no
obligation to update or correct forward-looking statements and
takes no obligation to update or correct information prepared by
third parties that are not paid for by the Company.
For more information, please contact Data Call Technologies
Email Contact www.datacalltech.com
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