Vigil Health Solutions Increases Net Income in Most Recent Quarter

Vigil Health Solutions Inc. (TSXV:VGL) announced its results for the three months ended September 30, 2012, commenting that with a net income of $32,000 — up from a $251,000 loss in the year-ago period — the quarter was profitable.

According to the press release, other highlights include:

• Grew bookings 18% to $1.27 million compared to $1.08 million in the three-month period ended September 30, 2011.
• Increased backlog to approximately $2.72 million (37 projects) compared to approximately $2.03 million (33 projects) in the three-month period ended September 30, 2011.
• Revenue up 24% to $826 thousand from $669 thousand in the three-months ended September 30, 2011.
• Reduced expenses by 34% to $363 from $547 thousand in the three-months ended September 30, 2011.

Click here to read the full Vigil Health Solutions Inc. (TSXV:VGL) press release.