Revenues -15% to $6.9MM from $8.1MM compared to Q2 2016.
After Tax Profit up 100% to $0.4MM from $0.2MM
https://www.businesswire.com/news/home/20170524006267/en/Bluedrop-Releases-Q2-2017-Financial-Results
Revenue for the three months ended March 31, 2017 was $6.9 million, down from $8.1 million for the same period in the previous year, a decrease of 15%. Gross profit for the period was $2.5 million, a decrease of $0.8 million over the three-month period ended March 31, 2016. Pre-tax profit was $0.8 million for the current quarter compared to $0.5 million for the same period in the previous year, an increase of about $0.2 million. After tax profit for the three months ended March 31, 2017 increased to $0.4 million compared to $0.2 million for the same period in the previous year.
Revenues decreased in the second quarter this year compared to the same period last year due to lower revenues in the Training and Simulation business unit. A large delivery of a third party visual system took place in the comparative quarter last year increasing the revenues in the Training and Simulation business unit accordingly. Revenue for the Learning Networks business unit increased 11% in the quarter compared to the same period last year. Gross profit remained strong in the quarter at $2.5 million down from the comparative quarter in the previous year based on lower revenues as explained above. Expenses for the quarter were down $1.0 million from that of the same quarter in the previous year.