Notify Tech (GREY:NTFYD)

Notify Tech recently reported its fiscal 2009 third quarter financial results.  

Although Notify Tech only earned $0.01 in the quarter, it was its first profit in thirteen quarters. We are not sure if this quarter is an aberration or the start of a new growth period. Regardless, the GeoTeam® will track the Notify Tech story due to comments in its  financial press release.

"It gives me great pleasure to report the financial results of this quarter to our shareholders as it reflects our transition to achieving greater financial performance. Not only did we have a profitable quarter, but we also reduced the loss year-to-date to only $33,643. We are very pleased that our NotifyLink(TM) revenues have increased quarter to quarter and that this quarter's results were a 39% increase over the same quarter last year," said Paul DePond President and CEO of Notify Technology Corporation. "Our NotifyLink products have done well even in a tough economy. Our ability to support the large number of the new wireless handhelds like the Apple(R) iPhone(TM) 3GS or Palm(R) Pre(TM) makes our NotifyLink solution very desirable for organizations and enterprises of all sizes."

Source: PR Newswire (August 13, 2009)