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November 13, 2008updated 06 Sep 2016 2:38pm

Goldleaf Financial Q3 revenues up 55%

Goldleaf Financial Solutions has reported revenues of $22.25 million for the third quarter ended September 30, 2008, an increase of 55.1%, compared to $14.34 million for the same period of 2007.

By CBR Staff Writer

Operating income totaled $2 million for the third quarter of 2008, compared to $0.5 million for the third quarter of 2007. Net income available to common stockholders totaled $0.7 million, or $0.04 per share, in the third quarter of 2008, versus $0.1 million, or $0.01 per share, in the third quarter of 2007.

Revenue for the nine months of 2008 totaled $61.9 million, compared to $42.1 million for the same period of 2007. Operating income totaled $3.1 million for the first nine months of 2008, compared to $0.3 million for the first nine months of 2007.

Net income available to common stockholders totaled $0.5 million, or $0.03 per share, for the first nine months of 2008, versus a net loss available to common stockholders of $0.2 million, or $0.01 per share, for the prior-year period.

Lynn Boggs, CEO of Goldleaf, said: I am very excited about our results. During the first nine months of 2008, Goldleaf has generated in excess of $11.5 million of operating cash flow. In the third quarter, we generated over $5.4 million of operating cash flow, and used $3.5 million to pay down bank debt, leaving us with over $3.7 million of cash on hand.

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