ZYTO Corp (Pink Sheets:ZYTC)(www.ZYTO.com) reported record financial results for the full fiscal year ended December 31, 2009, including its highest-ever annual revenues, operating income and earnings per share.
“We are incredibly pleased to announce record revenue and profitability”
For the full fiscal year, net income was $171,362, up from a loss of $1,069,502 for the year ended December 31, 2008. Revenue for the full fiscal year was $3,206,148, up from $1,937,853 in revenue for the year ended December 31, 2008.
Commenting on the 2009 results, Kami J. Howard, CFO, said, "2009 was a pivotal year for ZYTO as we made the transition to profitability. The positive results are highlighted by our subscription revenue model, marketing initiatives, improved internal systems, and strong overhead cost controls."
"We are incredibly pleased to announce record revenue and profitability," said Dr. Vaughn R Cook, CEO. "Looking ahead to 2010, we expect our revenue trend to continue as we focus on our revenue models, new product enhancements, and joint marketing efforts."