DynTek Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014
For the quarter, the company announced revenues of $38,843,000, an increase of $4,143,000, or 12% from $34,700,000 for the prior year fourth quarter ended June 30, 2013. The company reported EBITDA of $1,458,000 for the fourth quarter ended June 30, 2014, an increase of $416,000, or 40% from $1,042,000 for the prior fourth fiscal quarter ended June 30, 2013. Net loss for the fourth fiscal quarter of 2014 was $990,000, or $0.44 per diluted share, a decrease of $1,782,000 or $0.81 per diluted share, over the net income for the prior year fourth fiscal quarter of $792,000, or $0.37 per diluted share, primarily related to a large non-cash deferred income tax provision related to the use of net operating losses. Income from operations was $941,000 compared to $746,000 for the same period a year ago. Income before income tax was $618,000 compared to $543,000 for the same period a year ago.