quadrant 4 systems corp (QFOR) Key Developments
Quadrant 4 System Corporation Provides Unaudited Earnings Guidance for the Fiscal Year 2014
Apr 20 15
Quadrant 4 System Corporation reported that its performance is on track based on its original guidance. The revenues (unaudited) for the fiscal year ending December 31, 2014 are projected to be approximately $48.5 million compared to audited fiscal year 2013 revenues of $37.3 million, a projected increase of approximately 30%. The gross margins (unaudited) are projected to be at 36.5% compared to 31.3% for fiscal year 2013, an increase of approximately 17%. The company projects approximately $6.5 million in EBITDA (unaudited) for fiscal year 2014 compared to $4.4 million for fiscal year 2013 and a small positive net profit (unaudited) for fiscal year 2014 compared to over $4 million loss for fiscal year 2013.
Quadrant 4 Systems Corporation Announces Change of Independent Certifying Accountants
Apr 14 15
Quadrant 4 System Corporation received notice from Sassetti, LLC, the company's independent certifying accountants, that, effective April 2, 2015, Sassetti had resigned as independent accountant. Effective with this notice, Sassetti is being replaced as the company's independent accountant for the fiscal year that commenced on January 1, 2014. Effective April 6, 2015, the company engaged Schulman Lobel Zand Katzen Williams & Blackman LLP, Certified Public Accountants as independent accountants for the year ended December 31, 2014.
Quadrant 4 Systems Corporation announced delayed annual 10-K filing
Apr 1 15
On 04/01/2015, Quadrant 4 Systems Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC.
HealthSmart Selects Quadrant 4 System Corporation's QHIX Platform
Feb 18 15
Quadrant 4 System Corporation announced the signing and implementation of it's QHIX Benefits Administration and Private Health Exchange capabilities for HealthSmart. HealthSmart will begin deploying benefits and private health exchange capabilities for HealthSmart's more than 1.2 million members nationally.
Quadra Approves Revised Bylaw
Feb 6 15
On December 30, the Board of Directors of Quadra approved the revised Bylaw on regulated procurement of goods, works and sevices.