Universal Tracking Solutions (UTRK.OB) Announces Preliminary 2008 Record Revenue Growth
Universal Tracking Solutions announced that revenue for its fourth quarter ending December 31, 2008 totaled $217,452, which is down approximately 9% from the $240,693 generated in the same quarter a year prior. For the full year, UTS had revenue of $1,189,044, up approximately 48% compared to fiscal 2007. Net loss decreased 71% from $297,640 in 2007 to only $87,314 in 2008. Universal Tracking Solutions CFO Terry Horne commented, “2008 has proven to be another banner year for Universal Tracking Solutions. We managed to decrease our year over year expenses while growing our revenues 48%. We did all of this while…
