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ARKONA Inc., specializing in Web-enabled dealer management solutions for the automobile industry, on Jan. 27 announced record revenues for its third fiscal quarter.
For the quarter ending Dec. 31, 2003, the company reported earnings of $102,000 on revenues of $1,309,000, as compared to a loss of ($355,000) on revenues of $802,000 for the same period last year.
"In a quarter which has traditionally produced slow growth, we are very pleased with our strong profits and record revenues," said CEO Alan Rudd. "The 63 percent increase in revenues is a reflection of the strong demand we are experiencing in the marketplace for our products and services. Beginning last quarter and continuing through the end of our fiscal year ending March 31, 2004, we are making significant but prudent investments in technology and customer support infrastructure to grow the company at an even faster pace."
In another first for the company, ARKONA will exhibit at the National Automobile Dealers Association (NADA) convention, Jan. 30- Feb. 2 in Las Vegas. Sponsors of the event are anticipating more than 26,000 convention attendees. "ARKONA will maximize its marketing dollars by gaining access to thousands of automotive decision makers in one place at one time," the company said in a prepared statement.
About ARKONA Inc.
ARKONA says it was the first to offer a true application services provider (ASP) solution for the automotive industry and says it "continues to be a market leader in providing innovative e-business solutions for automobile dealers."
A public company, ARKONA was founded in 1996 and trades under the symbol ARKN.
For more information visit ARKONA's Web site at www.arkona.com.
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