According to highlights in the SEC quarterly filing, IMS in the previous 9 months has accomplished: 
- Employee costs were reduced by more than $1,300,000 compared to the first three quarters of 2008.
- Total Liabilities were reduced by more than $1.5 million compared to December 31, 2008.
- Net income from operations improved by more than $1,100,000 over the same nine months of 2008.
- Unrestricted cash available has increased by 94.9% since December 31, 2008.
- 190,006 shares were repurchased and added to treasury stock since December 31, 2008.
In the quarter ending September 9th, compared to the previous year:
- Generated gross revenues of $3,526,792, substantially flat compared to revenue of $3,537,840 in the third quarter of 2008.
- Operating expenses in the third quarter were $3,169,126, a 9.8% decrease compared to $3,511,054 in the third quarter of 2008. The decrease is primarily due to efficiencies realized in personnel and administrative costs.
- The combination of revenue change and expense controls resulted in net operating income of $357,666 for the quarter, compared to $26,786 in the third quarter of 2008.
- After adjusting for interest and income tax expense, the net profit for the current period was $214,180, compared to a net loss of $121,516 in the third quarter of 2008.
- Operating profit or EBITDA – earnings before interest, taxes, depreciation and amortization – for the quarter totaled $748,792, a 67.8% increase over the $446,417 reported in the third quarter of 2008.
Congratulations to IMS for weathering the economic storm well and seeing a significant increase in operating profit over last year!
