STRM – Streamline Health Solutions (Nasdaq) (Closing Price on Friday 6/29/07 – $4.19)
Streamline Health released first quarter earnings on May 21 and once again they reported disappointing results.
Streamline Health reported revenue of 3.78 million and a loss of 0.05 per diluted share. They blamed the disappointing results on “protracted negotiations on two large system sales.” However, they said they were confident the sales “will successfully conclude in our second quarter, allowing the company to meet its first half expectations.” (more…)