AcuNetx Files 10KSB Showing Continued Improvement & Growth

Published: Apr 01, 2008

TORRANCE, Calif.--(BUSINESS WIRE)--AcuNetx, Inc. (OTCBB:ANTX - News), announced today that it has filed its year ending December 31, 2007 10KSB. Unit sales of its products increased 35% from 2006 with overall gross profit improving from $1,608,796 in 2006 to $1,960,627 in 2007. The expenditure controls put into place in early 2007 resulted in an 89% decrease in the company’s net loss, from $8,223,391 in 2006 to $905,070 in 2007. Selling, general and administrative expenses also significantly decreased by 37%, from $4,062,300 in 2006 to $2,586,411 in 2007. Another important business metric was year-end net accounts receivable which decreased 84% from the prior year.

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