SofTech Announces Audit Completion & Financial Results for Its Fourth Quarter & Fiscal Year 2010

Reconciliation of EBITDA to Net Income:

To arrive at EBITDA, net income, calculated in accordance with GAAP, is adjusted by adding back interest expense, taxes, non-cash expenses related to amortization of intangible assets resulting from acquisitions and depreciation expense.

   

For the Three Months Ended May 31,

2010

2009

Net income $ 227 $ 349
Plus: Interest expense 142 129
Tax expense 16 16
Depreciation expense 9 18
Amortization expense   24   101
EBITDA   418   613
   

For the Fiscal Years Ended May 31,

 

2010

2009

Net income $ 673 $ 1,321
Plus: Interest expense 589 760
Tax expense 16 16
Depreciation expense 63 127
Amortization expense   113   405
EBITDA   1,454   2,629




Review Article Be the first to review this article
HP

ACE2017

Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
APSX Bringing Injection Molding To The Desktop
Jobs
Inside Sales for SolidCAM at Newtown, PA
Director of Mechanical Engineering for Velodyne LIDAR at Morgan Hill, CA
Sr. GIS Technical Analyst for Southern California Edison SCE Transmission and Distribution Organization at Rosemead, CA
Imagery Analyst for ARA at Albuquerque, NM -1229, NM
Architetural Project Manager for DRA Architects at Irvine, CA
Architect for North County Transit District at Oceanside, CA
Upcoming Events
DriveWorks World at The Barley Store Laskey Lane Thelwall Cheshire United Kingdom - Mar 6 - 9, 2017
JEC World 2017 at Paris Nord Villepinte Exhibition Centre Paris France - Mar 14 - 16, 2017
SOLIDWORKS funding event – Leicester at The National Space Centre, Exploration Dr, Leicester, LE4 5NS Leicester United Kingdom - Mar 17, 2017
ACE 2017 Nashville at Nashville TN - Mar 21 - 23, 2017
SolidCAM: Patented Wizard to optimal feeds & speeds



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise