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SWK NINE-MONTHS TAKES SLIGHT DIP

SWK Technologies, a Livingston, N.J.-based Sage reseller, did something it hasn't done before in releasing financial results before its parent did.  That parent, Trey Resources, gets all its revenue from SWK, but Trey's financials include debt obligations that have been a boat anchor. SWK listed revenue of $5.7 million for the nine months ended September 30, but a check of Trey's results from a year earlier indicates that's down from $5.75 million. SWK had net income of $52,223.24.
The official statement was that Q3 revenue was up $120,791, a 7-percent increase over the second quarter because of an increase in consulting revenue, sales across its product lines, including Sage's MAS 90/200/500 and X3, along with Accellos WMS and its own Mapadocs.
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