RAND focuses on profit

Rand Worldwide yesterday reported fiscal 2011 revenue of $89.2 million and net income of $1.8 million. Since this is the first year of reporting after the reverse merger of Rand and Avatech, along with a change in the fiscal year-end, it is difficult to draw...

Rand reports growth, shareholders like

Rand Worldwide, the entity created last year by the reverse merger of Rand and Avatech, today reported total third quarter revenue of $27.4 million, up handily from the $13.5 million reported by Rand alone a year ago. My notes show that Avatech reported revenue of...

Rand + Avatech showing results

Rand Worldwide, created by the reverse merger of Rand and Avatech, today announced results for the second quarter of its fiscal 2011. Rand’s published comparisons are between the merged entity for the period ended December 31, 2010 and Rand-alone for the period ended...

Avatech officially becomes Rand

Avatech made it official: As of January 1, 2011 it will be known as Rand Worldwide, Inc. and change its ticker symbol to RWWI on the over the counter market in the US. This is the final step in the reverse merger closed last year and unifies two brands. As of 5PM on...

Avatech + Rand off to a solid start

Avatech Solutions reported results yesterday, the first time for the merged companies since Rand Worldwide acquired Avatech in a reverse merger back in August. Since the combined company files with the US GAAP rules, these results represent a full quarter for Rand and...

Quick catch-up: what you may have missed

Goodness – I go away for a few days, and the PLM world keeps on spinning ;-) Here’s what happened while I was away: Avatech Solutions (now part of Rand) reported revenue of $31.3 million for the fiscal year ended June 30 2010, down from $35.4 million a year ago....

Rand and Avatech merge in reverse

Surprise! Rand Worldwide and Avatech Solution announced on Tuesday that the companies have been combined in a reverse merger. A reverse merger is often known as a “reverse IPO” because the acquisition of a public company by a private one avoids the costly process of...

Autodesk Q2: My $.02

A lot has hit the media in the last few days about what exactly Autodesk will report on Thursday, when it makes public its Q2 2011 results. Its share price has gone up and gone down on the “news”, much of which has been correct, but some … not so much: •...

Avatech reports “economy improving”

Avatech Solutions reported results today that show times may be getting better for the vast majority of users of engineering software.This announcement was a few days ahead of Wednesday’s report by Autodesk, and I wonder why there aren’t more people on the call...

Unrest at Avatech

You may recall that Avatech Solutions, like many companies in the engineering software space, had a difficult 2008/2009 in response to the economic realities faced by its government, AEC and manufacturing customers. The company rebounded a bit in its last reported...
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