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Nstein Q4 revenue rockets 162%

Briefs | 04/04/2007 11:30 am EDT

Nstein Technologies Inc., the Montreal-based developer of content management software, posted record sales for 2006, which the company is attributing partially to the acquisition of Eurocortex. Fourth-quarter revenues soared 162% to $3.9 million from $1.5 million in the previous year's fourth quarter. Sales for the entire 2006 fiscal year totaled $10.7 million, representing an 18% increase from 2005's $9.1 million earnings. According to company chairman and CEO Mario Girard, these increases can be linked to the "great receptiveness of the e-publishing market towards Nstein's solutions and especially its new Ntelligent Content Management (NCM) Suite," which incorporates Eurocortex's content management platform. Nstein's net losses in the fourth quarter also decreased dramatically, finishing at $0.6 million, or $0.02 per share, compared to $3.9 million ($0.21 per share) in 2005.

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