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FRIENDSWOOD, TX -- (Marketwired) -- 05/01/15 -- Data Call Technologies, Inc. (OTCQB: DCLT) (the "Company" or "Data Call") is a company specializing in the production, aggregation and delivery of news and information content for the Digital Signage Industry. The Company has been recognized by its peers as a pioneer with the wide range of its product offerings for the Digital Signage space since the early part of this decade.
The Company's revenues for the three months ended March 31, 2015 were $161,967 compared to $166,775 for the three-month period ended March 31, 2014, representing a decrease of $4,808 or 2.9% during the same period in the prior year. The decrease in revenues was mainly due to seasonal fluctuations.
Costs of sales for the three months ended March 31, 2015 were $34,645 compared to $32,574 for the three-month period ended March 31, 2014, which represents an increase of $2,071 or 6.3%. Costs of sales increased due to the addition of the new products released through the year.
Selling, General and Administrative expenses for the three months ended March 31, 2015 were $201,971 compared to $143,779 for the three-month period ended March 31, 2014, representing an increase of $58,192 from the same period in the prior year. The increase in SG&A expenses is mainly due to an increase in trade show expenses of $28,112 as the company, for the first time since 2011, exhibited at the Digital Signage Expo and for expenses incurred with the issuance of stock to consultants in the amount of $26,600. Net loss for the three months ended March 31, 2015 was $76,535 compared to a net loss of $13,292 for the three-month period ended March 31, 2014. The Company's net loss was significantly higher for the first quarter due to the show expense and the issuance of shares to consultants.
The Company has calculated that net income from operations for the first quarter of 2015 was $4,783 if the non-cash items (expense for stock and options which totaled $81,318) items were added back to the current net loss.
The Company's CEO, Tim Vance stated, "As seen in the past, our first quarter typically has much larger expenses than the remaining quarters of the year due to expenses associated with the company's annual filings. The additional Q1 expenses reported this quarter are an investment in our growth and have just started to prove positive results. The additional exposure that we have received by exhibiting at DSE has already begun to turn into subscription revenues. I am pleased with the outcome and look forward to the larger alliances formed during our tradeshow season signing on with our services."
For future press releases and more information on the company, please visit www.datacalltech.com
Forward-Looking Statements
Statements contained herein, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, demand and acceptance of new or existing businesses, capital resources and future financial results are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. There may be other factors not mentioned above that may cause actual results to differ materially from any forward-looking information. The company takes no obligation to update or correct forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Data Call Technologies
Email Contact
www.datacalltech.com
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