RDM Corporation, a provider of solutions for the electronic commerce and payment processing markets, has reported total revenues of $33.9 million in fiscal 2007, an increase of 39% from $24.3 million recorded in 2006.
The digital imaging segment, which represented 85% of revenues, stood at $28.7 million, a 69% rise compared to the corresponding period of the previous year. Gross profit was $13.5 million, or 40% of revenues, compared to $10 million, or 41% of revenues in 2006. Net earnings were $5.8 million or $0.26 per share (fully diluted) in 2007, compared to $2.1 million, or $0.10 per share, in the previous year.
RDM recorded revenues of $7.5 million in the fourth quarter ended September 30, 2007, an increase of 3.5% from $7.2 million in the fourth quarter of 2006. Net earnings were $636,000, or $0.03 per share, in the fourth quarter of 2007, compared to $1.6 million, or $0.08 per share, in the comparable period of 2006.
Douglas Newman, president and CEO of RDM Corporation, said: RDM is well positioned with our positive cash flow and cash in the bank to take advantage of acquisition and consolidation opportunities as they arise in our industry. We expect our revenue growth rates to continue at the same pace as over the past two years.