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SEDONA Releases 2011 Financial Results

Jun 22, 2012 (04:06 PM EDT)
URL: http://www.techweb.com/show-press-release/X910447/sedona-releases-2011-financial-results.html

KING OF PRUSSIA Pa., June 22, 2012 /PRNewswire/ -- SEDONA® Corporation (OTCPK: SDNA), a leading edge software development company focused on providing Customer and Member Relationship Management (CRM/MRM) and Profit Analytics solutions to banks and credit unions, announced its operating results for the Fiscal Year that ended December 31, 2011.

Financial Year over Year Summary for the year ending December 31, 2011:

Description

2011

2010

2009

Total Revenues

$ 1,315,000

$  1,344,000

$ 1,250,000

Total Cost of Revenues

$    208,000

$     271,000

$    374,000

Gross Profit

$ 1,107,000

$  1,073,000

$    876,000

Total Operating Expenses

$ 1,070,000

$  1,154,000

$ 2,416,000

Gain/Loss from Operations

$      36,000

($      81,000)

($ 1,540,000)


David R. Vey, Chairman and CEO of SEDONA Corporation stated, "The FY-2011 financial results are the product of our dedicated employees' hard work and execution of our operational strategies.  With these continued efforts, we firmly believe that our best years are ahead of us."

SEDONA's abridged 2011 Financial Report and Letter to Shareholders was provided to the OTCMarkets.com website on Friday, June 22, 2012, which can be accessed using http://www.otcmarkets.com/stock/SDNA/quote.

Conference Call:  SEDONA will hold a conference call on Wednesday, June 27, 2012, 4:00PM EDT for interested shareholders to discuss the Company's fiscal 2011 operating results. To participate, dial 1-719-325-4782 (US and Canada) a few minutes prior to the call, and reference "SEDONA 2011." Callers will be required to give their complete name, affiliation and phone number to the operator to participate in the call. 

Replays of the call will be available from June 23 to July 13, 2012.  To access the recording, dial 1-719-457-0820 and follow the system prompts.   

Safe Harbor Statement: This press release contains forward-looking statements that involve risks and uncertainties. The statements of this Summary Overview are forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

For additional information, please contact SEDONA Corporation, 610-337-8400 or visit SEDONA Corporation's website: www.sedonacorp.com.

SEDONA® is a registered trademark, SEDONA CRM™ and SEDONA MRM™ are trademarks of SEDONA Corporation.

All other trade names are the property of their respective owners.

SOURCE SEDONA Corporation