Billed as a leading compensation, performance, and talent management solutions provider, Workstream Inc. will be reporting financial results from fiscal 2008’s fourth quarter later this month. The company expects to report between $6.9 and $7.0 million in fourth quarter 2008 revenues. an eleven to thirteen percent increase over the previous quarter. In addition, positive EBITDA (earnings before interest, taxes, depreciation and amortization) are expected to have increased by 109 percent or more.
“Our management team and employees were tasked this quarter with aligning our company’s costs and revenues while still growing bookings”, said Workstream CEO, Steve Purello. “As a result, we expect to announce positive EBITDA before merger costs, and expect to announce adding $2.3 million to our bookings this quarter. This continues to lay the foundation for a strong recurring revenue base.”
The conference call will take place at 5:00pm ET on Thursday, July 24, The call will be accessible to the public by dialing 888-789-9572 (US) or 800-6578-9818 (international) and entering the pass-code 3266283. Replay of the call will be available through August 22 at 800-408-3053, using pass-code 3266283.
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