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Released on: October 27, 2008, 7:10 am
Press Release Author: Mike Dascola / Sageworks, Inc.
Industry: Financial
Press Release Summary: Sageworks Inc. has just made ProfitCents Public, the objective stock analysis technology on public companies, free to individual investors through the ProfitCents website (www.profitcents.com).
Press Release Body: Raleigh, NC - Sageworks Inc., a Raleigh based financial information and technology company, has just made ProfitCents Public, the objective stock analysis technology on public companies, free to individual investors through the ProfitCents website (www.profitcents.com). "The objective nature of the data provided in the ProfitCents Public reports is very valuable right now when there is a lot of speculation and hearsay about the financial health of public companies," remarks Brian Hamilton, Sageworks CEO.
The platform uses patented financial analysis technology to translate the financial data of public companies (by ticker symbol) into text and graphs broken down into segments such as stock value, liquidity, profits, borrowing and assets. The reports encompass a comparison of the company's current performance to prior periods and to the performance of their peer groups in the same industry. The ProfitCents technology is unique in that it interprets the financial operating data of a company so individuals who are not financial professionals or advisors can grasp what is truly going on in the financial health of a business.
The technology allows people to get back to the basics in investigating whether a public company may be worth investing in by looking at key indicators like cash flow. Sageworks has made the public company analysis module of ProfitCents available now for free to provide some level of understanding to individuals who are trying to make sense of the current economy. Sageworks also provides similar financial analysis reports on privately held companies for business owners and advisors. Over 8000 accounting firms use ProfitCents to help their clients better understand their finances and how they compare to their peer groups.
About Sageworks, Inc.
Sageworks is a financial services and information company based in Raleigh, North Carolina. Recently named to the Inc. 500's list of fastest growing privately held companies in the United States, Sageworks is the developer of FIND (Financial Information into Narrative Data), a patented artificial intelligence technology that converts financial numbers into plain-language. Sageworks has licensed its core technology to thousands of accounting firms, financial institutions, and information providers. For more information on Sageworks, please visit their corporate website at http://www.sageworksinc.com and product website at http://www.profitcents.com
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