NewMarket Technology Inc. (NMKT.OB) is a systems integrator of name brand products from companies such as Microsoft and Oracle. NewMarketTechnology has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assist its clients in the balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations.
NewMarket Technology provides emerging technologies in a variety of market sectors including VoIP, broadband, network security, municipal Wi-Fi, and healthcare. The company provides their services to companies in the US and also in rapidly growing emerging markets such as Brazil and China. NewMarket is a rare example of a multinational micro-cap firm that is benefitting substantially from propagating their business plan globally.
NewMarket announced their latest financial report on August 20, 2008. For the 2nd quarter 2008, the company increased their revenues by 4%, versus the same period last year, to $22.8 million. The company’s net income rose by 43%, versus the same period last year, to $843,000. The figures for the first six months of 2008 were also solid. Revenues rose by 9% to $43.7 million, while net income rose by 71%. Management indicated that the company is on track to meet or exceed its 2008 revenue forecast of $120 million.
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