|Chartwell Technology, a provider of online and remote software systems has recently announced its end of year results. |
The Company has reported a successful year with a 66 per cent rise in revenue to $12.2M compared to $7.3M in 2003 and earnings per diluted share have doubled to $0.24 compared to $0.12 in 2003. The company can celebrate two consecutive years of profitability.
“We are very pleased with our fourth quarter and fiscal year 2004 results”, states Don Gleason, CFO. “We ended the year with significant revenue growth, increased our profitability by 139%, doubled our earnings per share and generated in excess of $4.0M in cash flow from operations. Our investment in product development, sales, marketing and business development gives us confidence in our ability to drive continued growth in the expanding market for our products. We are extremely proud of the hard work and accomplishments of the entire Chartwell team and we look forward to 2005 and carrying this momentum throughout the year.”