The firm said revenues rose 32.5 per cent to $1.72 million, while net earnings jumped 53.2 per cent to $121,195.
"Q2 2011 was our sixth consecutive quarter of growth and profit," said In-Touch CEO Michael Gaffney in a statement. "Investment in marketing and product development increased significantly during the first two quarters with the corresponding objectives of revenue growth and technology enhancement of our In-Touch Apps software platform."
Earlier this month, In-Touch increased its fiscal 2011 outlook, raising its second-quarter sales guidance to $1.7 million from its previous forecast of $1.6 million. The company also predicted full-year revenues of between $8.1 million and $8.4 million, citing growth in its business with North American retailers.
In fact, as a result of its strong U.S. business, In-Touch said it's opening a new office in Charlotte, N.C. in the first week of September "to support its growing revenue base in the United States."
The Charlotte office will have eight employees in sales and operations, and add to two other U.S. locations in Chicago and Minneapolis. In-Touch also has another office in Oakville, Ont., along with its Ottawa headquarters.
"Looking forward, revenues for Q3 and Q4 2011 will exceed revenues for the same period(s) of 2010 by more than 40 per cent," Mr. Gaffney said. "I am very excited about our revenue growth and our increased capabilities due to our investment in mobile software technology."
The company noted that second-quarter adjusted earnings also rose 40.8 per cent, to $255,000.
Following the earnings release, shares of In-Touch soared close to the 52-week high of 40 cents achieved in February, and at 10:11 a.m. were up two cents or 5.71 per cent to 37 cents on the TSV Venture Exchange.
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