Smaller Stock Is Making its Move Today

Systems Xcellence Inc. (SXCI) is higher today with steady volume after it reported earning this morning. "2006 revenue and adjusted EBITDA targets raised on the heels of strong quarterly and year-to-date performance" quoted on Yahoo News.

This small stock has a very good potential to go higher in the near future. It has the momentum as well as good fundamentals.

Here is the highlights from its press release:

Highlights for Q2:
- Revenue increased 52% to $18.5 million from $12.2 million in Q2 2005
- Transaction processing revenue, which is the primary driver of recurring revenue, increased 75% to $9.0 million from $5.1 million
- Revenue from recurring sources increased 51% to $12.7 million from $8.4 million
- Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) increased 82% to $4.6 million or 25% of revenue from $2.5 million, or 21% of revenue(1)
- Net income increased to $2.1 million, or $0.12 per fully-diluted share, from $1.5 million, or $0.10 per fully-diluted share
- Increased "Book of Business" to $160 million at June 30, 2006, up from $140 million at March 31, 2006, and
- Completed NASDAQ IPO, raised $38.7 million before share issuance costs