Dallas, Texas 02/21/2014 (FINANCIALSTRENDS) – GlobalSCAPE, Inc.(NYSEMKT:GSB) has been successful in providing solutions and innovative platform for the country’s military services. Identified as a secure information exchange platform, the Chief Executive of the company, James Bindseil is expected to present at the Conference to be held at San Francisco. The growth strategy along with recent business achievements will be presented at the Conference by Bindseil.
EFT the winning platform
GlobalSCAPE, Inc.(NYSEMKT:GSB) has thus far been successful for the high degree of secure data communications and control it allows stakeholders on its platform. One of the most avid users of GSB products are enterprises which seek to hold complete control over data on a per project or mission basis. The most functional features of the platform is the in-built customizable features on an ongoing process. Therefore, enterprises are able to provide and control the amount of data or information is made available to certain ‘levels’ of employees and when necessary able to move into mission-mode, so information, data and access is allowed on a per project module as well. The winning feature on EFT is that the level of security delivered is on the level of the military, where anonymity and complete centralized control over dissemination of data is established.
On the financial front, at the recent fourth quarter 2013 result discussions, management brought into perspective that revenues are on the basis of licenses sold.
GlobalSCAPE, Inc.(NYSEMKT:GSB) called it the deferred revenue, valuing it at $10.8 million over $9.8 million it earned during December of 2012. The net income for the full year of 2013 was reported to be $3.8 million over a net loss of $1.8 million in comparison to 2012. Per share revenue was fixed at $0.21 and $0.20 per diluted share.
GlobalSCAPE, Inc.(NYSEMKT:GSB) is also a sub-contractor for MAT or McLane Advanced Technologies, which is a principal contractor for the US Army. This sub-contractual work has been in effect from September of 2013.