Vancouver, British Columbia--(Newsfile Corp. - November 25, 2013) - In-Touch Survey Systems (TSXV: INX) has reported record financial results for the 3rd quarter ending September 30, 2013. Revenue for the quarter was $3.32 million, up 20% from $2.76 million in the same quarter in 2012. Net income before taxes came in at $505,307 an increase of 43% from the $353,915 reported in the same quarter in 2012.
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Additional revenue from the new GSC product line and an increase in the gross margin were the main contributors to the higher income.
In-Touch Survey Systems does business as In-Touch Insight Systems, Service Intelligence and In-Touch Public Sector Group.
The company has developed comprehensive software platforms that provide for the rapid development of data collection programs including mystery shopping programs, mobile forms creations and real-time online reporting. The In-Touch Public Sector Group provides five service verticals for public sector customers, Mobile Strategy, Accounts Service, Web Presence Renewal, Client Scorecard, and Consulting Services, for business transformation.
Michael Gaffney, Executive Chairman stated, "We are pleased to report the highest quarterly revenues, quarterly net income and quarterly EBITDA in the Company's history. The Company will continue to invest in product development and marketing because we expect significant changes in our current markets with historical customers dropping off older programs and moving to newer solutions."
The company currently trades at $0.23 and with 14.9 million shares outstanding, is capitalized at $3.4 million. For a more information, please visit the company`s website at www.intouchinsight.com, phone George Pretli at 613-270-7916 or email gpretli@intouchsurvey.com.
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