Ad hoc:WizCom Technologies Ltd.:Ad hoc: Wizcom Technologies Releases H1 2010 Results
(Thomson Reuters ONE) -
WizCom Technologies Ltd. / / Ad hoc: Wizcom Technologies Releases H1 2010 Results processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Rosh Ha'ayin, August 24th, 2010 - Wizcom Technologies Ltd. ("Wizcom") (Prime
Standard: WZM, IL 0010830706), a leading global provider of handheld scanning
and translation tools, announces its results for the first six months of 2010.
Figures in this press release are according to US-GAAP and in US$ thousands.
Financial Highlights
* Revenues for H1 of 2010 fell by 22% compared to H1 2009, from US$2,762 to
US$2,155.
* Gross margin for H1 of 2010 fell to 30%, compared to 39% for H1 2009.
* An operating loss of US$767 was posted, as compared to a US$279 operating
loss for H1 2009.
* A net loss of US$1,177 was posted, compared with last year´s H1 net loss of
US$203.
* Total operating expenses for the first six months of 2010 went up by 5.6% to
US$1,423 from US$1,347.
* In accordance with FASB ASC 740 "Accounting for Income Taxes", formerly
known as FASB Interpretation No. (FIN) 48, the Company reassessed its tax
liabilities, leading to a non-cash exceptional charge of US$341 in tax
expenses.
* Basic and diluted net loss per common share was US$0.099, compared to
US$0.017for H1 2009.
* As of 30 June 2010, the Company had cash and cash equivalents of US$386, as
compared to US$677 for 31 December 2009, representing a negative cash-flow
of US$291, while net cash used in operating activities was a negative US$94.
For more Information, we refer to the press release and H1 2010 report.
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WizCom Technologies Ltd.
8B Hamarpe St. Jerusalem Israel
WKN: 915856;ISIN: IL0010830706;Index:Prime All Share,TECH All Share;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Freiverkehr in Bayerische Börse München,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse;
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
All reproduction for further distribution is prohibited.
Source: WizCom Technologies Ltd. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 24.08.2010 - 07:36 Uhr
Sprache: Deutsch
News-ID 39908
Anzahl Zeichen: 0
contact information:
Town:
Jerusalem
Kategorie:
Business News
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