The stock price of Streamline Health has rebounded nicely from its lows after fourth quarter earnings. The reasons for this increase were a press release announcing a new customer and a favorable report by an analyst.

The press release was good news but Streamline mentioned in their last earnings report that they had already closed one transaction in the first quarter. The press release probably was referring to that agreement. (more…)

Streamline Health reported disappointing results for the fourth quarter of 2006. They reported earnings of 0.03 per diluted share on revenues of 3.84 million. This was well below the revenue guidance they had given in the previous quarter.

Streamline did not meet its guidance due to delays in finalizing several significant contracts. However, the company stated one of these contracts was already closed in the first quarter and the others were near completion. The CEO also stated “that should the remaining agreements be completed as anticipated, we expect record first quarter revenues.” (more…)