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Datatrak International, Inc. Reports First Quarter Results for 2021
Datatrak InternationalMay 5, 2021 GMT
Cleveland, Ohio - ( NewMediaWire ) - May 5, 2021 - Datatrak International, Inc. (OTC Markets: DTRK), (“Datatrak” or the “Company”), a worldwide Software-as-a-Service (“SaaS”) provider and innovation leader of cloud-based technologies for the life sciences industry, today announced its operating results for the first quarter of 2021.
Financial Highlights:
Revenue for the first quarter of 2021 was $1,671,000 compared to $1,951,000 for the first quarter of 2020. In spite of the decrease in revenue, Datatrak saw a 14% increase in the number of revenue generating contracts and an 8% increase in the number of customers for the first quarter of 2021 compared to the first quarter of 2020. Direct costs remained relatively flat at $495,000 for the three months ended March