You would never know from the cheery headline that IMSI, makers of TurboCAD, lost nearly US$2 million last year:"IMSI Annual Sales Growth Hits 39%: Growth With Higher Margins in Software Lines and Houseplans Business." While the company has four million in the bank, it lost money due to its acquisitions binge, which is not stopping soon: "We plan additional investments in our Houseplans business, adding properties to our network while including more features and functionality to our existing sites to increase sales and profits," writes the company's CEO. Revenues were around $14 million, but with the number of divisions that... Read more →
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