Derycz Scientific develops companies, products, services and systems to facilitate easy flow of information from content publishers to their constituents. The company today announced its second-quarter and half-year financials for fiscal 2010.
The company reported a 121 percent increase in second-quarter revenue to $7.6 million, up from $3.4 million for the same period of fiscal 2009. For the six months ended December 31, 2009, revenue increased 87 percent to $12.4 million, up from $6.6 million for the same period the year prior.
Quarterly income rose to $235,734, or 2 cents per fully diluted share, compared to a loss of $132,177, or 1 cent per fully diluted share, for the second quarter of fiscal 2009.
Peter Derycz, president and CEO of Derycz, said the company expects to continue its solid performance throughout the remainder of 2010.
“We are very pleased with both our revenue growth in the quarter ended December 31, 2009, and with our positive earnings of 2 cents per fully diluted share. We anticipate that the rest of fiscal year 2010 will continue to be a period of growth for Derycz. We are very pleased with the progress of our Reprints Desk subsidiary, and our Pools Press unit continues to contribute to our corporate expansion,” Derycz stated in the press release.
Derycz posted net income of $234,734 for the second quarter ended December 31, 2009, compared to a net loss of $132,177 for the three months ended December 31, 2008. This quarter represents the first quarter Derycz has achieved significant profitability, which the company attributes to strong sales at Reprints during the 2009 period.
Derycz posted a net loss of $364,843 for the six months ended December 31, 2008, compared to a net loss of $75,957 in the 2009 period.