US Dataworks, Inc. (UDWK) Reports Profit in First Quarter of 2010
US Dataworks, Inc. reported net income of $85,379 or $0.00 per share, in the first quarter that ended 3/31/2010. The company reported a net loss of $181,221, or $0.01 per share, in the corresponding quarter of 2009. Revenue increased on a year over year basis in the first quarter of 2010 to $2.1 million from the $1.8 million reported in the first quarter of 2009. The segment showing the biggest improvement was the software licensing business. Charles E. Ramey, the CEO of US Dataworks, Inc. sounded upbeat about the upcoming year for the company. “We entered fiscal 2010 as a…