Sarin Technology Revenue Up 314% in 4Q

Sarin Techonology announced Thursday that revenues for the fourth quarter in 2009 were up 314 percent to $10.4 million, compared to $2.5 million during the same period in 2008. The company’s net profit was $4.5 million in the 4Q.

Revenues for fiscal year 2009 were down 36 percent to $21.4 million, compared to $33.1 million in 2008. Net profit for 2009 decreased four percent to $1.5 million, compared to $1.6 million the previous year.