New Mexico Software, Inc. (NMXC.OB) Reports Tremendous Sales Growth for 2008, Predicts Stronger 2009
New Mexico Software today announced its preliminary financial results that indicate annual revenue in 2008 increased 62% to $1.6 million. Revenue for the fourth quarter totaled $679,000, up 174% from the same period in 2007. The company anticipates that its 2008 operating loss will decline by approximately 32-35% compared to 2007. New Mexico Software CEO Dick Govatski stated, “Preliminary unaudited numbers show that 2008 was our strongest ever growth year. It appears we are on track to continue this trend into the first quarter of 2009 with revenue forecasted at or above $1,000,000. We anticipate overall revenue growth to continue…