PENNSAUKEN, NJ--(Marketwired - Nov 14, 2013) - Lattice Incorporated (OTCQB: LTTC) ("Lattice" or the "Company"), a provider of advanced information and communications technology solutions to customers globally, announced its financial results for the third quarter ended September 30, 2013. Read More
Third Quarter Financial Highlights:
Revenue increased to $2.2 million
Recurring revenues accounted for 69% of total revenues during the quarter
Positive EBITDA of $226,000
Net income from continuing operations was $61,000
Net income of $49,000
Management projects Secured Communications services segment to grow 70% YoY in FY13.
New cloud-based service offering expected to drive domestic revenue.
International expansion expected to increase revenues and lead to greater market opportunity for LTTC.
Expected to add to cash balance in the short-term.
Lattice Incorporated provides advanced information and communications technology solutions to corrections facilities globally. The Company's innovative, cost-effective solutions leverage its proprietary Nexus platform, a real-time transaction processing engine, to develop and deliver customized cloud-based software applications with military-grade security for facilities that require highly secure solutions.