Advant-e reports record net income

Advant-e Corp., a Beavercreek-based software developer, reported record net income of $1,194,802 for 2009, above the $1,063,790 reported for 2008.

Earnings reached .018 cents per share for 2009, slightly above 0.16 per share for 2008, the company said Thursday March 11.

Revenue of $8,649,199 was reached for 2009, a 2 percent decrease from revenue of $8,869,169 in 2008, the company said.

The company provides internet-based electronic data interchange services through subsidiary Edict Systems Inc. and electronic document management software through subsidiary Merkur Group Inc.

Shares of Advant-e are traded over the counter under the ticker ADVC. A ten-for-one stock split was announced in October 2009.