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DDSI 10Q out... revenues increase by 40.9 %
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[QUOTE]Originally posted by Schwabie: [QB] [b] Revenues for the three months ended June 30, 2006 were $1,233,729 compared to $875,513 for the three months ended June 30, 2005 (restated), an increase of $358,216 or 409%. [/b] DDSI generates its revenues through software licenses, hardware, post customer support arrangements and other services. The increase in DDSI's revenue is attributed to the purchase of CGM Applied Security Technology, Inc in March, 2005. Cost of revenue for the three months ended June 30, 2006 was $334,538 compared to $447,460 for the three months ended June 30, 2005 (restated), a (decrease) of ($112,922) or (25%). The decrease was attributable more efficient purchasing procedures of raw material and more efficient production procedures put into place. Cost of revenue sold as a percentage of revenue for the three months ended June 30, 2006 was 27% of total revenues. Operating expenses for the three months ended June 30, 2006 were $677,406 compared to $642,177 for the three months ended June 30, 2005 (restated), an increase of $35,229 or 5%. This increase was mainly attributable management’s controls over spending. Cost of revenue for the six months ended June 30, 2006 was $627,880 compared to $492,161 for the six months ended June 30, 2005 (restated), an increase of $135,719 or 28%. The increase was attributable to the purchase of CGM Applied Security Technology, Inc in March 2005. Cost of revenue sold as a percentage of revenue for the six months ended June 30, 2006 was 34% of total revenues. The purchase of CGM Applied Security Technology is already paying off. [/QB][/QUOTE]
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