GVI Security Solutions, Inc. (GVSS.OB) Reports Financial Results
GVI Security Solutions, a leading provider of video security solutions to homeland security, institutional and commercial market segments, has released its year end financial results for 2007 as well as announced four straight quarters of profits. According to the company’s financial statements, Net Income was approximately $2.6 million compared to a loss of approximately $16.5 million in 2006. Pretax earnings from continuing operations were approximately $1.5 million as compared to a loss of approximately $13.8 million in 2006. The difference between net income and pre-tax income from continuing operations was due to a tax loss carry-forward that produced a net…