New Mexico Software, Inc., a leading services provider of next-generation business and medical services, announced earlier today that it is anticipating record revenues in the range of $925,000 to $950,000 for the first fiscal quarter ended March 31, 2009. The company plans to formally report first quarter results on or about May 15, 2009.
New Mexico Software CEO Dick Govatski commented, â€œOur preliminary unaudited numbers for the first quarter show that revenue will be almost equal to New Mexico Software’s total revenue for all of 2007. This underscores the strong growth rate of our Telerad Services, which we started in June of last year.
â€œThis puts us on track for a very strong 2009. As stated in our recently filed annual report on Form 10-K, we anticipate an operating cash flow requirement of $4,200,000 to $5,000,000 for 2009. We expect this cash outflow requirement to be more than covered by cash inflows from sales. We do not anticipate a need to incur debt or sell stock,â€ he added.
In conclusion he stated, â€œOur company is growing better than ever. Revenues are moving up sharply and the bottom line continues to improve. I believe 2009 will be a very good year for both the company and for its shareholders.â€