Press release content from NewMediaWire. The AP news staff was not involved in its creation. Datatrak International, Inc. Reports First Quarter Results for 2021 Datatrak InternationalMay 5, 2021 GMT Cleveland, Ohio - ( NewMediaWire ) - May 5, 2021 - Datatrak International, Inc. (OTC Markets: DTRK), (“Datatrak” or the “Company”), a worldwide Software-as-a-Service (“SaaS”) provider and innovation leader of cloud-based technologies for the life sciences industry, today announced its operating results for the first quarter of 2021. Financial Highlights: Revenue for the first quarter of 2021 was $1,671,000 compared to $1,951,000 for the first quarter of 2020. In spite of the decrease in revenue, Datatrak saw a 14% increase in the number of revenue generating contracts and an 8% increase in the number of customers for the first quarter of 2021 compared to the first quarter of 2020. Direct costs remained relatively flat at $495,000 for the three months ended March 31, 2021 compared to $491,000 for the three months ended March 31, 2020. The Company’s gross profit margin was 70% for the three months ended March 31, 2021 compared to 75% for the three months ended March 31, 2020. SG&A expenses decreased to $1,284,000 for the three months ended March 31, 2021 compared to $1,394,000 the three months ended March 31, 2020. The decrease in SG&A expenses was driven by the level of software development capitalization, including work on the newest product, Datatrak Direct, which was released in April 2021. Travel costs also decreased for the three months ended March 31, 2021 compared to the three months ended March 31, 2020 due to the COVID-19 pandemic. However, consulting and legal costs increased for the three months ended March 31, 2021 compared to the three months ended March 31, 2020 due to various corporate initiatives. Depreciation and amortization were $2,000 and $4,000 for the three months ended March 31, 2021 and 2020, respectively. As a result of the items discussed, Datatrak had a loss from operations of ($110,000) for the three months ended March 31, 2021 compared to income from operations of $62,000 for the three months ended March 31, 2020. After other income of $121,000 for the three months ended March 31, 2021, which included an unrealized gain on marketable securities of $115,000, and other income of $4,000 for the three months ended March 31, 2020, the Company’s net income for the three months ended March 31, 2021 and 2020 was $11,000 and $66,000, respectively.