EVOL - Evolving Systems scales 25% after 2020 operations income doubles

Evolving Systems (EVOL) reports Q4 revenue of $7M, an increase of $6.7M from 2019 same quarter.Operating income for FY 2020 equals $1M, double from 2019's $0.5M.Total operating expenses for Q4 2020 were $4.1M compared to $4.2M last year.Positive adjusted EBITDA of $2.4M for FY 2020 vs. $0.8M in 2019Q4 Adjusted EBITDA was $0.8M as compared to $0.4M in Q4 2019.The company made the final payment on its bank term loan in January 2021.GAAP EPS of $0.05 vs. last year's EPS loss of -$0.11; Non-GAAP EPS of $0.07Shares +25% pre market.Previously: Evolving Systems reports Q4 results (March 17)

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Evolving Systems scales 25% after 2020 operations income doubles