Vancouver marketing software developer Versatile Systems Inc. (TSX-V:VV) reported a 20% drop in revenue for the quarter ending March 31, 2006.
Revenue was US$12.4 million compared with revenue of US$15.5 million, as the company began to shift its sales to higher margin software and services aimed to provide a higher gross profit. Versatile's share price during the past week ranged between $0.53 and $0.56. The 52-week high: $1.23; the 52-week low: $0.42.