COPsync Inc. (COYN.OB) Reports 2009 Results, Expectations for 2010
COPsync Inc., a software technology provider for law enforcement, emergency service and public safety professionals, recently posted its financial results year ended December 31, 2009. The company reported revenues for the year at $278,018, including $181,695 in hardware installation and other revenues and $96,323 in license fee revenues, compared to $3,598 for the year ended December 31, 2008, all of which were license fee revenues. Cost of revenues for the year ended December 31, 2009, was $695,757, compared to cost of revenues of $64,003 for the year ended December 31, 2008. The company attributes this increase to $539,195 in hardware…