Thinspace net revenue up 871% YoY

Thinspace Technology Inc. (OTC: THNS) said its net revenue was USD2.593m, representing an increase of 871 percent from USD0.267m in the comparable second quarter of 2013, and an increase of 230 percent from USD0.784m recorded in the first quarter of 2014.

Gross profit for the quarter ended June 30, 2014, came in at USD0.865m, up 865 percent, falling in line with revenue gains over the same period of 2013.

Chris Bautista, chief executive officer of Thinspace Technology Inc., said, “We´re pleased with the outcome of the second quarter 2014 which was marked by strong revenue growth and steady margins. This quarter´s revenue jump was due to the company´s increased designing capabilities and delivery of bespoke desktop virtualization solutions to existing customers. We delivered a significant large-scale project with multiple sites for a public sector organization and are optimistic that we will see more of these types of engagements going forward.”

Thinspace Technology Inc. is a global provider of reliable, scalable and affordable application delivery, virtualization, and cloud client technology to public and private sector companies and organizations of all sizes. For more information on the company, visit www.thinspace.com.

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