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Mer Telemanagement Solutions reports Q4 net income
[April 04, 2011]

Mer Telemanagement Solutions reports Q4 net income


Apr 04, 2011 (Datamonitor via COMTEX) -- Mer Telemanagement Solutions Ltd., a provider of business support systems, has reported that net income for the fourth quarter ended December 31, 2010 was $117,000 or $0.03 per diluted share, compared to a net loss of $168,000 or $0.04 per diluted share for the fourth quarter of 2009.



Revenues for the fourth quarter of 2010 were $3 million, compared to $2.7 million for the same period of 2009.

Net income for the year ended December 31, 2010 was $176,000 or $0.04 per diluted share, compared to a net loss of $877,000 or $0.20 per diluted share for the same period of 2009.


Revenues for the year ended December 31, 2010 were $11.6 million, compared to $11.4 million for the same period of 2009.

"We are pleased to report that MTS has made sustained changes in its operations by reducing operating expenses and seeking new business opportunities. The results of this process are reflected in the Company's improved financial results and indicators" said Eytan Bar, CEO of MTS.

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