SCHAUMBURG, Ill., Nov. 5, 2015 (GLOBE NEWSWIRE) -- Quadrant 4 System Corporation (QFOR) ("Quadrant 4" or the "Company") which provides state-of-the art SaaS (Software as a Service) and PaaS (Platform as a Service) based Exchange Solutions in Healthcare (QHIX), Media (QBLITZ) and Education (QEDIX) reports its financial results for the Third Quarter ended September 30, 2015.
Financial Highlights:
- Revenue increased by 11% to $39.4 Million
- Gross Margin increased 31% to $15.9 Million
- EBITDA increased by 14% to $5.5 compared to $4.8 Million
- Net Income was $264,450 compared to a loss of $308,676 an increase of 186%
Dhru Desai, Executive Chairman of the Board and Chief Financial Officer, stated, "We are continuing to build our overall business and commit the resources necessary to develop our exchange solutions in Healthcare, Education and Media. As our Exchange business grows it is having a progressively positive effect on our gross margins which we have experienced the last several quarters. We believe this trend will continue into the foreseeable future and have a substantial effect on our profitability."
Quadrant 4 will be hosting a call with shareholders and the investment community to discuss the company's financial performance and provide a business update on Monday, November 16, 2015. The Company's 10-Q will have been filed with the SEC and the 10-Q and earnings press release will be available on our web site www.qfor.com .
Dhru Desai, Quadrant 4's executive chairman, will host the investment community conference call beginning at 10:00 a.m. Eastern Time on Monday, November 16, 2015, to discuss these results and to answer questions.
To participate on the conference call, please dial (888) 317-6003 from the U.S. or (412) 317-6061 from outside the U.S and enter conference ID #: 1362831 . Please dial in 15 minutes early. Those interested in listening to the conference call live via the Internet may do so by visiting the Investor Relations section of Quadrant 4's website at www.qfor.com . Beginning one hour after the call ends, an archive of the webcast will be available for 90 days at www.qfor.com .
About Quadrant 4 System Corporation
Quadrant 4 System Corporation is a SMAC (Social, Mobile, Analytics and Cloud) technology company offering state-of-the art SaaS (Software as a Service) and PaaS (Platform as a Service) based Exchange Solutions in Healthcare (QHIX), Media (QBLITZ) and Education (QEDIX). Quadrant 4's highly scalable vertical cloud platforms coupled with our Global Professional Services organization provide our clients with a competitive advantage in the marketplace. Please visit www.qfor.com for more information.
Forward-Looking Statements
This release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.
Raymond A. Catroppa, CFA Quadrant 4 System Corporation +1 (917) 363-1448
