LAS VEGAS, July 9, 2009 (GLOBE NEWSWIRE) -- As earnings season comes and goes, investors will invariably huddle around news feeds hoping to see revenue growth creep across their favorite ticker. In this market environment, even sideways numbers are heralded and celebrated.
And then there are the very few that will grow remarkably in the recession, perhaps even because of it to some extent. Our subject today, Ideal Financial Solutions (Pink Sheets:IFSL), has just reported a quarter over quarter improvement of doubled revenues.
A few months ago we began coverage of Ideal Financial Solutions (Pink Sheets:IFSL), a company with a system that helped consumers manage debt and grow wealth. For some time, Ideal Financial fought to find its way, to carve a niche of its own. Along came the recession and with it a new consumer sentiment that found Ideal's financial management software and program urgently compelling. With some savvy marketing and pricing modifications, Ideal hit critical mass posting quarterly figures in excess of $1.5 million for Q1 of 2009. A quarter later and on the heels of a CEO buy back of company shares, the company has topped those numbers with $3 million revenue for Q2.
This news stream has certainly turned heads in the market and Ideal Financial has seen a breakout in both price and daily volume. For investors who haven't seen this type of ascent or revenue reporting in some time, Ideal's successes certainly stand out.
And for those following Ideal Financial, it should be interesting to see what the next quarter holds in store.
A profile featuring IFSL and of interest to investors of financial equities Ameriprise Financial (NYSE:AMP), JP Morgan Chase Co (NYSE:JPM), Goldman Sachs Group (NYSE:GS), Morgan Stanley (NYSE:MS) and Principal Financial Group (NYSE:PFG) is available at www.SmallCapSentinel.com/IFSL
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Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCapSentinel.com is property of Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies haven't always approved the statements made in this report. This report is neither a solicitation to buy nor offer to sell securities and is for information purposes only and shouldn't be used as basis for investment decisions. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. IMI has been paid $15,000 dollars by Ideal Financial Solutions for this report and other advertising services. Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies.