Juma Technology Corp. (JUMT.OB) Reports Earnings Results for 2008
Juma Technology Corp., a leading IP Convergence firm, announced its financial results for the full year ended December 31, 2008. Revenues for the year increased $8,783,689, or 70%, to $21,370,692, compared with the previous year’s revenues of $12,587,003. Gross margin for 2008 increased $2,335,325, or 154%, to $3,851,396, compared to the previous year’s $1,516,071. Although the company recorded a net loss of $9,031,143 for 2008, it was a significant improvement over 2007’s net loss of $15,861,359. "Juma's impressive year end earnings represent a strong validation for our company, its vision and our ability to execute flawlessly on our business plan,"…