The first half of 2013 was much better than the first half of 2012. The revenues increased exponentially from $836K to $2.27 million on a yoy basis. The H1'13 net loss was $2.69 million compared to $7.26 million in H1'12. The loss per share was 4 cents compared to 77 cents in H1'12. The decline in net loss in Q2'13 was also significant. In Q2'13 the net loss was $1.13 million compared to $6.14 million in Q2'12. The net loss per share declined to 2 cents from 47 cents during the same period. The revenue growth was also good. The revenues increased from $591K in Q1'12 to $1.2 million in Q1'13. It is important that this trend continues and the company is able to improve the net margins consistently over the next few quarters. That will help in changing the outlook towards the company. Revenue growth is likely to remain robust due to the expected rise in demand for used mobiles. Usell is expected to benefit from the launch of the new versions of iPhone and other smartphones. Customers prefer to own the latest release of the mobile phones and want good value for their existing ones. Resale value is likely to become increasingly important over time because the technological gap or differences in features between two launches may not always be disruptive or remarkable. So some of the price conscious customers, who want to use smartphones from higher end brands, may go for used handsets rather than going for the costlier latest versions. Either way, the demand for used phones is likely to increase. Resale value will be used as an important competitive advantage, and Usell can be expected to take advantage of the increase in demand. Further, the launch of the applications like Usell Current, will help the customers get real-time information about the value of their phones / deals etc.