Paradigm Holdings (OTCBB: PDHO) released the following financial information:
“(The firm reported) revenues of $7.5 million, gross profit of $1.8 million with gross margin expansion of 196 basis points to 23.4%, and EBITDA of $0.5 million.”
“Despite revenue levels that are consistent with the prior three quarters, we are pleased with Q2 financial results, especially our new contract wins and backlog expansion, which we believe are key indicators of revenue growth, ” CEO Peter LaMontagne said. “During the second quarter, contract wins with new customers in our cybersecurity and mission critical infrastructure practice areas led to new bookings of $27 million that increased our total backlog to approximately $88 million. We are also strongly encouraged by the continued increases in gross margin which confirm that we are executing our growth strategy without compromising profitability, both by maintaining cost controls and pursuing business which generally carries higher margins.”
