Auxilio Inc. (CTEK) Expected to Announce Quarterly Sales of $5.84 Million

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Equities research analysts expect Auxilio Inc. (NASDAQ:CTEK) to announce $5.84 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Auxilio’s earnings, with estimates ranging from $5.82 million to $5.85 million. Auxilio reported sales of $16.38 million in the same quarter last year, which would suggest a negative year over year growth rate of 64.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, May 13th.

According to Zacks, analysts expect that Auxilio will report full-year sales of $24.83 million for the current financial year, with estimates ranging from $24.26 million to $25.40 million. For the next fiscal year, analysts forecast that the business will post sales of $28.94 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Auxilio.

A number of research firms have recently issued reports on CTEK. Roth Capital restated a “buy” rating on shares of Auxilio in a research note on Friday, March 22nd. B. Riley reaffirmed a “buy” rating on shares of Auxilio in a report on Tuesday, April 2nd.

Shares of NASDAQ:CTEK traded down $0.19 during trading on Thursday, hitting $4.75. The stock had a trading volume of 28,574 shares, compared to its average volume of 28,199. Auxilio has a 12 month low of $3.23 and a 12 month high of $5.04.

About Auxilio

Cynergistek, Inc provides outsourced document management services and IT security consulting services primarily to the healthcare industry in the United States. It offers workflow solutions; and creates manageable, dependable print management programs by managing the back-office processes of hospital clients.

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