SCRA - Applied Research and Commercialization Services

FROM THE CHIEF FINANCIAL OFFICER

Operating revenue for the year was more than $108 million.

At the close of 2009, SCRA’s five-year average annual revenue growth rate was just under ten percent. Total backlog of $279 million - up from $148 million the previous year - set a new annual record for SCRA and positions the company for continued, steady future growth. At the end of FY 2009, SCRA was responsible for more than 100 national and international programs, with more than 700 total subcontractors, comprising a multi-year total contract value of over $1.3 billion.

Looking forward, we are examining our operating processes to ensure that we are achieving our strategic objectives, with our primary focus toward continued, repeated growth and increased value for our clients. Our strong backlog position at the end of FY 2009 gives an optimistic view about our ability to achieve a sustained growth pattern for FY 2010 and beyond.

SCRA continued to compete successfully and globally in high quality, applied research and commercialization services markets, as well as meet or exceed our knowledge-based economic development goals. These outcomes are a testament to the competency and diligence of the entire company, from our front-line associates to our senior management.

Julia Martin
Chief Financial Officer

SCRA Financials

Strategic Investments in the Knowledge Economy and Emerging Domains

We continued to invest in emerging domains, including Health Sciences and Alternative Energy. We expect significant outcomes from these investments, coupled with the ability to leverage research from our university partners in these focus areas.

An SCRA-led Economic Development program provides commercialization support to emerging start-up companies. Over 260 companies have received assistance during the program’s three years of operations.

SCRA’s development of three
Innovation Centers will provide laboratory, advanced manufacturing, and limited access research facilities to support SCRA needs as well as the commercialization of new technologies from start-up companies SCRA supports.

Five-year top line revenue growth rate was just under 10% per year.