|By Marketwired .||
|August 4, 2014 11:14 AM EDT||
FRIENDSWOOD, TX -- (Marketwired) -- 08/04/14 -- Data Call Technologies, Inc. (OTCBB: DCLT) (the "Company" or "Data Call"), listed on the OTC Bulletin Board (the "Exchange"), announced its financial results for the quarter ended June 30, 2014.
The company recognized as an industry pioneer since the earlier part of this decade, aggregates and provides fresh, updated news and information (infotainment) feeds include items such as in-game sports scores, weather and traffic information, as well as headline/financial news and information in products custom tailored for the Digital Signage space. The company continues with its steady upward growth.
Data Call today announced its financial results for the Quarter ended June 30, 2014. Revenues for the three months ended June 30, 2014 were $164,713 compared to $157,388 for the three-month period ended June 30, 2013, representing an increase of $7,325 or 4.7% during the same period in the prior year. The increase in revenues was mainly due to additional contracts and clients.
Costs of sales for the three months ended June 30, 2014 were $26,921 compared to $26,348 for the three-month period ended June 30, 2013, which represents an increase of $573. Costs of sales did not increase in direct proportion to an increase in revenues, as costs of sales are directly linked to the bandwidth required to provide the subscription services.
Net loss for the three months ended June 30, 2014 was $9,711 compared to a net loss of $641 for the three-month period ended June 30, 2013. The increase in our net loss is mainly due to the expense of stock options and warrants. Operational Profit for the quarter was $37,895 (2013: $100,307). Operational Profit is calculated by adding back the expense for non-cash items such as shares issued for services.
The Company's revenues for the six months ended June 30, 2014 were $331,488, compared to $314,488 for the six-month period ended June 30, 2013, representing an increase of $17,000 from the same period in the prior year. The increase in revenues is directly related to new business.
Operating expenses for the six months ended June 30, 2014 were $289,254, compared to $386,155 for the six-month period ended June 30, 2013, representing a decrease of $96,901 from the same period in the prior year. The decrease in operating expenses is mainly due to the decreased expense associated with the issuance of stock and options.
Net loss for the six months ended June 30, 2014 was $(23,003), compared to a net loss of $130,808 for the six-month period ended June 30, 2013. The net loss was due to the expense of stock issuances and options. Operational Profit for the six-month period ended June 30, 2014 was $72,322 (2013: $63,858). Operational Profit is calculated by adding back the expense for non-cash items such as shares issued for services.
Data Call proudly released new products while enhancing others through the second quarter and looks forward to adding more new products within the third quarter.
For future press releases and more information on the company, please visit www.datacalltech.com
Statements contained herein, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, demand and acceptance of new or existing businesses, capital resources and future financial results are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. There may be other factors not mentioned above that may cause actual results to differ materially from any forward-looking information. The company takes no obligation to update or correct forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
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