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Top Image Systems Ltd. Message Board

  • dow18k dow18k Jul 18, 2013 6:21 AM Flag

    Earnings ETA August 8

    Based on last years earnings release date the show should start on or around August 8.

    I doubt they will meet or beat last years results posted below given the lack of real news.

    Top Image Reports Record Q2 2012 Financial Results

    Revenue Grows 14%, Non-GAAP Operating Margins Grow to 15% while Investing in US Headquarters in New York City

    Non-GAAP Profit Guidance for Full Year Raised to 21%-29%

    Tel Aviv, Israel – August 8, 2012 - Top Image Systems, Ltd. (TIS) (Nasdaq: TISA), a leading ECM (Enterprise Content Management) intelligent content capture and delivery solutions provider, today announced record financial results for the second quarter ended June 30, 2012.

    Second Quarter Year-over-Year Highlights include:

    Revenue increased 14% to a record $8.0 million;

    Non-GAAP operating income increased 22% to $1.2 million;

    Non-GAAP diluted EPS was $0.09 per diluted share and $0.18 for the first half of 2012;

    Gross margin increased from 59% to 62%;

    Non-GAAP operating margin grew to 15%;Recurring revenue from maintenance was 23% of revenues or $1.8 million;14th consecutive quarter of positive Non-GAAP operating income;

    Top Image ended the quarter with $4.5 million in cash and no debt, compared to $2.6 million as of December 31, 2011;

    Additional HighlightsIn addition to Financial Highlights in the Second Quarter, Top Image:

    Opened its new North American headquarters in New York City;

    Appointed Omri Gelb as Executive VP, to serve as General Manager of North American Division;

    INitiated Mobile Capture solutions sales and marketing campaigns in the USA.

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2.21-0.03(-1.33%)Feb 5 3:26 PMEST