MacroSolve Revenues Jump 43 Perent in Second Quarter

Tulsa-based MacroSolve Inc. reported that revenues for the quarter were up 43 percent or $203,563, to $677,900, in the second quarter. The company reported a net loss was of $295,373, up 64% from the same period last year.
Gross profit for the quarter rose 15 percent or $39,206 to $306,791 a year ago. Cost of sales increased in support of higher sales and is mainly attributed to additional staffing costs.
Operating, selling, general, and administrative costs rose 31 percent or $137,362, to $578,803, in 2007. This increase was due both to higher staffing costs associated with increasing sales as well as expenses related to the upcoming launch of the company’s mobile business solutions community and e-marketplace website.
On a per share basis, net loss was 1 cent per basic and diluted share, which remained unchanged from the prior year’s quarter.

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