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Monday, May 14, 2012
Computer Software Innovations, Inc. Announces First Quarter 2012 Financial Results
EASLEY, SC – (MARKET WIRE) – May 14, 2012 – Computer Software Innovations, Inc. (OTCBB: CSWI:OB), CSI Technology Outfitters™ ("CSI") today announced its financial results for the first quarter ended March 31, 2012.
 
Financial Highlights
 
·         Revenues of $11.8 Million for the First Quarter of 2012, an increase of 17% over the First Quarter of 2011;
·         Gross Profit of $0.2 Million for the First Quarter of 2012, a decrease of 89% below the First Quarter of 2011 from non-cash impairment charge;
·         Operating Loss of $3.2 Million for the First Quarter of 2012, a decrease of 343% below the First Quarter of 2011 from decreased gross profit and accelerated amortization;

·         Net Loss of $2.0 Million for the First Quarter of 2012 compared to a loss of $0.5 million for the First Quarter of 2011.

 

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