| | Business Summary | | Vitrix,
Inc.
is
a
B2B
provider
of
Labor/Workforce
Management
solutions.
The
products
are
designed
to
help
executives,
managers
and
employees
solve
a
wide
range
of
critical
human
resource
Time
and
Attendance
issues,
including
those
related
to
payroll,
workforce
scheduling,
job
tracking,
labor
allocation
and
benefit
distribution.
The
Company's
flagship
product,
HourTrack
2000
is
thought
to
be
the
industry's
only
true
client/server
application
with
an
open
architecture.
The
HourTrack
product
automates
the
process
of
collecting
time
sheet
information
and
provides
strategic
reports
to
management.
MyVITRIX.com,
the
Company's
ASP-model
product,
offers
all
of
the
functionality
of
the
HourTrack,
with
the
added
benefit
of:
quick
deployment
on
world-class
servers
and
bandwidth
infrastructure;
elimination
of
IT
staffing
issues;
and
a
high-level
of
functionality
with
little
up-front
investment. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Vitrix
is
a
B2B
provider
of
Labor/Workforce
Management
solutions.
The
products
are
designed
to
help
executives,
managers
and
employees
solve
a
wide
range
of
critical
human
resource
Time
and
Attendance
issues.
For
the
nine
months
ended
3/31/01,
revenues
rose
23%
to
$1.2
million.
Net
loss
rose
39%
to
$1
million.
Results
reflect
increased
sales
volume
for
the
Company's
professional
services,
offset
by
an
increase
in
labor
costs. Recent Earnings Announcement
For
the
3
months
ended
06/30/2001,
revenues
were
855;
after
tax
earnings
were
-252. (Preliminary; reported in thousands of dollars.) | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Todd Belfer, 32
Chairman | -- | Thomas Bednarik, 50
Pres,
CEO, Director | $45K | Craig Smith, 30
CFO,
VP of Fin. and Admin. | -- | Hamid Shojaee, 27
VP-R&D,
Director | -- | Skip Pratt
VP-Bus. Devel. | -- | | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/v/vrxi.ob.gif)