For the third quarter of 2008, revenues were $140,483, compared to $44,950 in the third quarter of 2007.
For the first nine months of 2008, revenues were $493,554, compared to $110,155 for the same period of 2007. Net loss after taxes for the first nine months of 2008 was $937,213, or $0.04 per share, compared to a net loss of $1.3 million, or $0.08 per share, for the first nine months of 2007.
Shmuel Bachar, chairman and CEO of FutureIT, said: FutureIT’s financial results in the recent quarter showed a marked improvement in comparison to the previous year’s third quarter, mainly as a result of the expansion of our reseller and partner base globally, with particular emphasis on building a strong foundation in Europe and the US. We intend to further increase our global marketing efforts and to increase market awareness for our solutions.
