US DATAWORKS ANNOUNCES FISCAL 2012 SECOND QUARTER RESULTS
SUGAR LAND, TX – November 14, 2011 – US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in payment processing solutions, today announced its financial results for its fiscal 2012 second quarter ended September 30, 2011.
Revenue for the second quarter of fiscal 2012 was $1.7 million compared to revenue of $1.7 million for the second quarter of fiscal 2011.
Net loss for the second quarter of fiscal 2012 was $(257,000), or $(0.01) per share, compared to a net loss of $(274,000), or $(0.01) per share, for the second quarter of fiscal 2011.
Charles E. Ramey, Chairman and CEO of US Dataworks, commented, “Second quarter revenues were essentially flat with last year’s second quarter, yet we continue making strides growing our software transactional and subscription revenues by approximately 17% over the prior year period.”
Ramey continued, “Recent highlights include the introduction of our PayItFast™ service in September and then last week, Cabela’s adopting PayItFast. PayItFast is a faster way for customers to make payments on Cabela’s CLUB cards while visiting any Cabela’s U.S. retail store. The PayItFast service was piloted in five Cabela’s retail stores in mid-September and was expanded to all 32 Cabela’s U.S. retail stores in late October.
“We also recently announced that our Clearingworks® Platform now has the ability for Apps to be developed and implemented using our unique “drop-in” process. Clearingworks’ open architecture enables us, our clients, and even third-party developers to implement Apps specific to their business needs, all while maintaining the security and integrity of our core payment processing.
The following information was filed by Us Dataworks Inc (UDWK) on Monday, November 14, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: UDWK CIK: 1049505 Form Type:10-Q Quarterly Report Accession Number: 0001144204-11-063527 Submitted to the SEC: Mon Nov 14 2011 8:54:28 AM EST Accepted by the SEC: Mon Nov 14 2011 Period: Friday, September 30, 2011 Industry: Prepackaged Software