CRYSTAL RIVER, Fla., Jan. 27, 2015 (GLOBE NEWSWIRE) -- B-Scada, Inc. (OTCQB:SCDA), a software solutions provider specializing in compelling visualization technology and HMI/SCADA products, today reported financial results for its year-end 2014 (FYE14) compared to year-end 2013 (FYE13).
FYE14 highlights compared with FYE13:
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Revenues were $2.038 million, an increase of $490,040 or 32% from $1.548 million
- Service revenues were generated from implementation of our software products and custom training provided to customers
- Net Income increased 18% to $1,029,563 an increase of $158,315 from $871,248
- 2014 Q4 was a record-setting quarter for B-Scada, with quarterly revenue reaching $620,000.
B-Scada's release of Status Enterprise in early 2014 has been received well by the marketplace and currently has multiple deployments throughout various industries. Status Enterprise is currently deployed for power plant monitoring, glass manufacturing, boiler monitoring, plastic molding and more.
As we have become more widely known we've also implemented several pilot programs in multiple countries and varying market sectors, including energy and water management, robotic stamping, fleet management, and mining, with more than a dozen other pilot programs around the world.
"We feel that B-Scada is positioned quite well to take advantage of new developments in the marketplace. With many companies expecting to invest heavily in M2M (machine-to-machine) and IoT (Internet of Things) projects in the coming year, there is likely to be significant interest in the open platform that we provide," said Ron DeSerranno, CEO. "The increases in revenue we are seeing are a reflection of the growing demand for our technology, as well as the increased confidence the market has in our products and expertise."
About B-Scada, Inc.
B-Scada specializes in the compelling visualization of real-time data. Its visualization technology and SCADA products are deployed in manufacturing, power & utilities, transportation, petrochemical, building automation, and other fields of business where visualization of real time data is critical. B-Scada's in-house expertise and experience has provided them the opportunity to partner with companies from various vertical markets, and assist them to develop custom solutions that meet their specific needs. B-Scada's goal is to help clients transfer real-time production and operational data into actionable information through graphically-compelling, functional, and intuitive user interfaces. Learn more at http://www.scada.com
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 – With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. Words like "believe," "expect" and "anticipate" mean that these are our best estimates as of this writing, but that there can be no assurances that expected or anticipated results or events will actually take place, so our actual future results could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to: general economic conditions, the results of potential future business in our pipeline, the financial and operational health of our prospects and customers, acceptance of new software and improved versions of our existing software by our customers, our ability to finance growth, our ability to continue to attract and retain highly qualified technical staff, a sustainable market and many others which have not been stated. Further information on our risk factors is contained in our quarterly and annual reports as filed with the Securities and Exchange Commission.