onebiz

Smart Online, Inc. (OTCBB: SOLN), a leading provider of Software-as-a-Service (SaaS) applications for the small business market, today reported results for its third fiscal quarter ended September 30, 2008.

Total revenues were $1,586,000 for the third quarter of 2008 compared to $1,429,000 for the same quarter in fiscal 2007, representing an increase of $157,000, or 11 percent. Gross profit increased $102,000, or 8 percent, to $1,363,000 from $1,261,000. Operating expenses increased $227,000, or 9 percent, to $2,897,000 from $2,670,000. Net loss decreased $171,000, or 11 percent, to $1,392,000 from $1,563,000.