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Datadot posts second ever full-year profit

Datadot posts second ever full-year profit

Microdot technology developer DataDot (ASX:DDT) posted a profit of $931,000 in FY10 during its second non-consecutive year in the black as a listed company.

DataDot, which went public in 2005, increased its revenue by 23% to $10 million and swung to an ebitda gain of $1.4 million.

The company reported a $10.8 million net loss and an ebitda deficit of $428.6 million in FY09.

CEO Benjamin Bootle said the results reflect the success of recent turnaround, expansion and expenditure reduction efforts, “and confirm the re-positioning of DataDot as a profitable, growth-oriented and profit focused business.”

DDT shares are today trading 4.26% lower at $0.045.

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