Softech Inc (PK:SOFT)
Business Focus: Enterprise Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 59 Lowes Way, Suite 401 LOWELL MA 01851 |
| Tel: | N/A |
| Website: | softech-inc.net |
| IR: | See website |
| Key People | ||
| Joseph P. Mullaney President, Chief Executive Officer, Interim Principal Financial Officer, Director | Robert B. Anthonyson Vice President - Business Development, Director | |
| Business Overview |
| SofTech, Inc. is engaged in the development, marketing, distribution and support of computer software solutions that enable companies to manage the lifecycle of their products from conception through design and manufacture, to service and disposal. The Company's service offerings include consulting, training and discrete engineering services. These solutions include software technology offerings for computer aided design (CAD), and product data management (PDM) and collaboration technologies. In addition, the Company offers a technology platform that allows data exchange between various third party technology offerings known as the Company's connector offering. The Company's products include ProductCenter, Connector Platform, HomeView and CADRA. The Company operates in the United States and Europe and has sales and customer support offices in the United States and Italy. The Company also operates through re-sellers in North America, Europe and Asia. |
| Financial Overview |
| For the six months ended 30 November 2016, Softech Inc revenues decreased 31% to $1.6M. Net income totaled $2.4M vs. loss of $196K. Revenues reflect Service decrease of 22% to $1.5M, Product decrease of 77% to $94K. Net Income reflects Selling, general and administrative exp. decrease of 8% to $1.1M (expense), Research and development expenses decrease of 30% to $205K (expense), Gain on change in fair value of earn out decrease of 90% to $5K (expense). |
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