CEO Peter LaMontagne, CFO Richard Sawchak Discuss Paradigm’s Fiscal Figures

Peter LaMontagne

Paradigm (OTCBB: PDHO) presented financial stats for the third quarter, which ended Sept. 30, 2010.

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The firm reported revenues of $8.1 million with a gross profit of $2 million with gross margin expansion of 91 basis points to 24.3 percent.

“We are pleased with our financial results for the third quarter of 2010 and the positive progress we have made through the implementation of our strategic initiatives, ” CEO Peter LaMontagne said. “Nearly all of our financial indicators were positive this quarter as we achieved revenue growth compared to last year, expanded our gross margins in order to drive EBITDA margins of 9 percent of revenues and maintained net debt at slightly less than $3.0 million. In addition, continued expansion on existing contracts and new task order wins allowed us to once again achieve a book-to-bill above 1.0x. Finally, we continued to submit additional proposals that we hope will enable us to continue our growth prospects over the longer-term.”

“We have continued to be laser focused on improving our financial performance to prove the business thesis we proposed, ” said CFO Richard Sawchak. “We believe achieving revenue growth coupled with margin expansion is a significant step toward full execution of our strategy.”

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