Arkona Reports Second-Quarter Revenue Increase
November 14, 2006
Filed under Features
Arkona, Inc., which supplies business management software to powersports and automotive dealerships, reported a 14 percent increase in revenue for its second quarter over the previous year.
The company said its gross profit rose slightly to $1.5 million from $1.4 million for its fiscal second quarter, which ended Sept. 30, compared to the previous year quarter.
The revenue and gross profit increases came as a result of the company’s dealer management software suite gaining market acceptance, the company reported.
For the six months ending Sept. 30, total revenues increased to $6.1 million compared to $5.28 million for the same time period for 2005. Gross profit increased 17 percent to $2.52 million.