MAM Software Group, Inc. announced Unaudited Consolidated earnings results for the fourth quarter and year ended June 30, 2018. For the quarter, the company reported net revenues of $9,530,000 against $8,279,000 a year ago. Operating income was $1,321,000 against $1,588,000 a year ago. Income before provision for income taxes was $1,218,000 against $1,469,000 a year ago. Net income was $958,000 or $0.08 per share basic and diluted against $2,436,000 or $0.21 per share basic and diluted a year ago. Adjusted EBITDA was $1,617,000 against $1,849,000 a year ago.

For the year, the company reported net revenues of $35,777,000 against $31,596,000 a year ago. Operating income was $4,894,000 against $4,217,000 a year ago. Income before provision for income taxes was $4,483,000 against $3,658,000 a year ago. Net income was $3,210,000 or $0.27 per share basic and diluted against $4,578,000 or $0.39 per share basic and diluted a year ago. Adjusted EBITDA was $6,012,000 against $5,129,000 a year ago. Net cash provided by operating activities was $6,504,000 against $5,525,000 a year ago. Purchase of property and equipment was $110,000 against $96,000 a year ago.

The Company expects continued revenue growth during fiscal 2019 of approximately 10% and continuing improvement in profitability with 2019 Adjusted EBITDA in the range of $6.2 million to $6.7 million, on a constant currency basis. The Company also expect to invest approximately $7.0 million in Research and Development, including capitalized software development costs.