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DATATRAK International, Inc. Message Board

  • culleraa culleraa Mar 14, 2014 11:34 AM Flag

    backlog conversion

    Not so hot! They got some 60% of what they had year-end... vs 100% for a Medidata. Might just be the business model... but a 50% growth in bklg turned into 12% growth in annual sales. Still, they got enough cash from somewhere to run the co. at breakeven + the 750k. So no pressing need for cash, unless it was the need for this metric that caused them to squeeze q4 costs? ... maybe that explains why they have not used the r/s for anything, yet.

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