LAMBDA TD SOFTWARE INC - LAMBDA TD Announces Results for Second Quarter of 2013
LAMBDA TD Software Announces Final Results for Second Quarter of 2013
Succeeded in further reduction of LAMBDA's operating costs.
LAS VEGAS (NV), August 1, 2013: LAMBDA TD Software, Inc. (LONDON, GXG Main
Quote, Symbol: LAMD, ISIN: US51327T2042, WKN: A1JPCA) today announced financial
results for the second quarter of 2013. LAMBDA recorded quarterly Sales of USD
$573,088.00, with Gross Profit of USD $526,602.00 and Net Income of USD
$433,495.00. LAMBDA was able to further reduce its quarterly operating costs,
and managed in the second quarter of 2013 to keep the operating costs below USD
$100,000.00, the lowest level in more than 2 years. LAMBDA's Gross Profit for
the first 6 months of 2013 reached more than USD $1m, with a total of USD
$1,160,184.00, and a Net Income of USD $962,968.00.
Robert Corcoran, Chief Executive Officer comments "Even though our Net Income
is the second best in LAMBDA's history, we are slightly below expectations.
This is mainly due to a delay of the new North Scottsdale project, which is
going through some design and architectural changes and will be split into a 62
unit luxury condo project and a 40 unit project on a newly acquired property
near the Mayo Clinic on Shea Blvd. We spent that time ramping up and adding a
lot of vital software to our company project management infrastructure and are
back on track for a good third quarter as per our forecast to beat last year's
annual Net Income."
LAMBDA TD Software in 2012 generated Sales of USD $2,894,829.00, with a Gross
Profit of USD $2,582,855.00, and Net Income of USD $2,095,896.00, more than
doubling its Net Income of USD $807,108.00 in 2011. LAMBDA is forecasting to
beat last year's Net Income figures again and generate its best annual results
in 2013, for the third year in a row.
ABOUT LAMBDA TD Software, Inc.
LAMBDA TD Software, Inc. (www.lambdatdsoftware.com) is a Las Vegas Smart Home
Automation company that develops and installs the LFE' FIVE (pronounced "Life
5"), the first cloud-based smart home automation and universal remote control
platform operated by LAMBDA's patented LFE' touch panel system. LAMBDA was
founded in 2006 and provides smart home technology solutions to both commercial
and residential customers. The flagship product, LFE' FIVE (LAMBDA FIVE
ENVIRONMENT), is the first open system, open architecture remote control system
designed for homes, businesses, schools, hospitals, and municipalities. With
LFE' FIVE (LAMBDA FIVE ENVIRONMENT) entire high-rise buildings can become
connected and turned Green, an approach that is in many U.S. areas supported
with government, carbon offset credits, and Green Tax credits. LAMBDA is
publicly traded on GXG Main Quote in London (UK), ISIN: US51327T2042, WKN:
A1JPCA / TICKER: LAMB. CONTACT: Robert Corcoran at (702) 998-6465
Quelle © 2013 PR Newswire
schöne Grüße und wieder ab in den pool spanien meine zweite heimat