IIG Offsets Slip In Sales By Cutting Spending, Stock Jumps
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IIG Offsets Slip In Sale By Cutting Spending, Stock Jumps
The hot stock information of the day includes: IIG, TKOI
iMERGENT, Inc. (AMEX:IIG) jumped 21.73% up to $6.89 on news the company released 2009 Q4 financial results. Despite a slip in sales revenue in the fourth quarter the company significantly cut operating expenses which offset the loss. Highlights of the report include an increase in net income to $613,000 or + $0.06 per diluted common share, compared to a net loss of $10,130,000, or - $0.89 per common share for last year’s fourth quarter. Sales revenues in Q4 decreased 34% to $13,202,000, down from $20,080,000; however total operating expenses decreased 45% to $18,648,000, compared to $33,780,000 for the comparable quarter in 2008. Headquartered in Phoenix, Arizona, iMergent, Inc., is a web based technology and training company providing technologies and tools to small, medium, and large businesses. Some of the services the company offers include SEO and search engine management services enabling its customers to market and sell their business products through the Internet. The company offers the software and Website development platforms for ecommerce and web hosting.
Telkonet, Inc. (AMEX:TKOI) advanced 17.09% up to $0.185 on news its servers and high-speed Internet access solutions have been installed by The Peaks Resort in 174 guest rooms and suites for a minimum three years contract, the value of deal was not disclosed. The service will upgrade access to a remote luxury resort area with geographic connectivity challenges. Headquartered in Germantown, Maryland, Telkonet is the leading provider of innovative, centrally managed solutions for integrated energy management, wired and wireless networking, building automation and customer support services. The company develops energy management and Smart Grid networking technology.
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