SOURCE: Data Call Technologies
FRIENDSWOOD, TX--(Marketwired - May 16, 2014) - Data Call Technologies, Inc. (OTCBB: DCLT) (the "Company" or "Data Call"), listed on the OTC Bulletin Board (the "Exchange"), a Digital Signage aggregator, is proud to announce its financial results for the Quarter ended March 31, 2014.
The Company announced Monday its financial results for the Quarter ended March 31, 2014. The Company's revenues for the three months ended March 31, 2014 were $166,775 compared to $157,100 for the three-month period ended March 31, 2013, representing an increase of $9,675 or 6.2% during the same period in the prior year. The increase in revenues comes from additional contracts and the renewal of annual contracts at the beginning of the year.
Gross margins for the three months ended March 31, 2014 were $134,201 compared to $128,543 or 81.8% for the three-month period ended March 31, 2013.
Selling, General and Administrative expenses for the three months ended March 31, 2014 were $143,779 compared to $256,653 for the three-month period ended March 31, 2013, representing a decrease of $112,874 from the same period in the prior year. The decrease in SG&A expenses is mainly due to decreased legal expenses of $32,476 from the management changes at the beginning of the year 2013.
Net loss for the three months ended March 31, 2014 was $13,292 compared to a net loss of $130,167 for the three-month period ended March 31, 2013. For the quarter ending March 31, 2014, the Company recorded a profit from operations of $43,427 as compared to an operational net loss of $1,867 of the quarter ending March 31, 2013. To calculate operating profit, the Company calculated all of the reorganization and reoccurring non-cash expenses for the first quarters ended 2014 and 2013 and then added those items back to the losses of the two quarters. The operational profit of $43,427 was the largest profit ever generated by the Company in its history.
"I firmly believe that the momentum that the company is experiencing is strongly influenced by the company's renewed culture. I am extremely proud of our team and their dedication. The first quarter has been a very promising time for us. Many new products have come online. With the multiple new client relationships that were formed in this quarter, I expect us to continue to gain a larger market share in the Digital Signage space over the next quarters," stated Tim Vance, the Company's CEO.
For future press releases and more information on the company, please visit www.datacalltech.com
Statements contained herein, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, demand and acceptance of new or existing businesses, capital resources and future financial results are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. There may be other factors not mentioned above that may cause actual results to differ materially from any forward-looking information. The company takes no obligation to update or correct forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.