Last $1.80 USD
Change Today 0.00 / 0.00%
Volume 0.0
SOFT On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 02/25/15 All times are local (Market data is delayed by at least 15 minutes).

softech inc (SOFT) Snapshot

Open
$1.85
Previous Close
$1.80
Day High
$1.85
Day Low
$1.80
52 Week High
10/3/14 - $3.37
52 Week Low
06/27/14 - $1.08
Market Cap
1.6M
Average Volume 10 Days
120.3
EPS TTM
$-1.93
Shares Outstanding
893.7K
EX-Date
12/23/96
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SOFTECH INC (SOFT)

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softech inc (SOFT) Details

SofTech, Inc. develops, markets, distributes, and supports computer software solutions for the product lifecycle management (PLM) industry primarily in North America, Europe, and Asia. Its computer software solutions include software technology offerings for product data management and collaboration technologies. The company offers ProductCenter, a collaborative PLM solution, which delivers a combination of document management, design integration, configuration control, change management, bill of materials management, and integration capability with other enterprise-wide systems; enables secure management of product information; allows engineers and the design chain to manage, share, modify, and track product data and documents in the product development lifecycle; supports engineering change management and bill of materials management for automating business processes; and enables integration with other business applications, such as enterprise resource planning, supply chain management, and customer relationship management for data exchange across the product lifecycle. It also provides Connector platform, a technology that allows for a direct interface between Aras Corporation’s product known as Innovator, a PLM solution, which features Web-based technology, and the SolidWorks and Autodesk CAD technology offerings. SofTech, Inc. markets and distributes its products and services primarily through a direct sales force and the company’s service organization, as well as through resellers. The company was founded in 1969 and is headquartered in Lowell, Massachusetts.

30 Employees
Last Reported Date: 11/24/14
Founded in 1969

softech inc (SOFT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $305.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $100.0K
Vice President of Business Development and Di...
Total Annual Compensation: $205.0K
Compensation as of Fiscal Year 2014.

softech inc (SOFT) Key Developments

SofTech, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2014

SofTech, Inc. reported earning results for the second quarter and six months ended November 30, 2014. For the quarter, the company reported total revenue of $1,027,000 compared to total revenue of $1,414,000 for the same period a year ago. Operating loss was $288,000 compared to operating profit of $601,000 last year. Loss from operations before income taxes was $379,000 compared to income from operations before income taxes $514,000 last year. Net loss was $379,000 or $0.44 per basic and diluted share compared to net income of $514,000 or $0.59 per basic and diluted share last year. LBITDA was $139,000 compared to EBITDA of $3,920,000 last year. For the six months, the company reported total revenue of $1,891,000 compared to total revenue of $2,790,000 for the same period a year ago. Operating loss was $782,000 compared to operating income of $419,000 last year. Loss from operations before income taxes was $952,000 compared to income from operations before income taxes $248,000 last year. Net loss was $952,000 or $1.08 per basic and diluted share compared to net income of $248,000 or $0.28 per basic and diluted share last year. LBITDA was $507,000 compared to EBITDA of $3,797,000 last year.

Softech, Inc Replaces McGladrey LLP with Moody, Famiglietti & Andronico, LLP as Independent Registered Public Accounting Firm

Effective November 20, 2014, and with the approval of Board of Directors, SofTech, Inc. dismissed McGladrey LLP (McGladrey) as its independent registered public accounting firm. The decision to change accountants was recommended and approved by the company's Board of Directors. Effective November 20, 2014, the company engaged Moody, Famiglietti & Andronico, LLP (MFA) to audit and review the company's financial statements for the fiscal year ending May 31, 2015. MFA was engaged for general audit and review services and not because of any particular transaction or accounting principle, or because of any disagreement with McGladrey.

SofTech, Inc. announced delayed 10-Q filing

On 10/16/2014, SofTech, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

 

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