ROLLING MEADOWS, Ill., April 20, 2015 (GLOBE NEWSWIRE) -- Quadrant 4 System Corporation (OTCQB:QFOR) ("Quadrant 4" or the "Company") will be filing its audited financial results as soon as they are available. However, the management reports that its performance is on track based on its original guidance. The revenues (unaudited) for the fiscal year ending December 31, 2014 are projected to be approximately $48.5 Million compared to audited FY 2013 revenues of $37.3 Million, a projected increase of approximately 30%.
The gross margins (unaudited) are projected to be at 36.5% compared to 31.3% for FY 2013, an increase of approximately 17%.
The Company projects approximately $6.5 Million in EBITDA (unaudited) for FY 2014 compared to $4.4 Million for FY 2013 and a small positive net profit (unaudited) for FY 2014 compared to over $4 Million loss for FY 2013.
The Company's vertical cloud platforms are gaining traction, and the management believes that 2015 will be a record year for its top line performance and profitability.
About Quadrant 4 System Corporation
Quadrant 4 System Corporation is a SMAC (Social, Mobile, Analytics and Cloud) technology company offering state-of-the art SaaS (Software as a Service) and PaaS (Platform as a Service) based Exchange Solutions in Healthcare (qHIX), Media (qBLITZ) and Education (qEDU). Quadrant 4's highly scalable vertical cloud platforms coupled with our Global Professional Services organization provide our clients with a competitive advantage in the marketplace. Please visit www.qfor.com for more information.
This release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.
CONTACT: Raymond A. Catroppa, CFA email@example.com Quadrant 4 System Corporation +1 (917) 363-1448
Source:Quadrant 4 System Corporation