{"id":384294,"date":"2020-11-18T13:03:18","date_gmt":"2020-11-18T18:03:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384294"},"modified":"2020-11-18T13:03:18","modified_gmt":"2020-11-18T18:03:18","slug":"mts-announces-2020-second-quarter-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mts-announces-2020-second-quarter-financial-results\/","title":{"rendered":"MTS Announces 2020 Second quarter Financial Results"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n POWDER SPRINGS, Ga.<\/span> and RA’ANANA, Israel<\/span>, Nov. 18, 2020<\/span> \/PRNewswire\/ — Mer Telemanagement Solutions Ltd. (MTS)\u00a0<\/b>(Nasdaq Capital Market: MTSL),\u00a0a global provider of telecommunications expense management (TEM), call accounting and contact centre software, today released its financial results for the three and six\u00a0months ended June 30, 2020<\/span>.<\/p>\n

\u00a0<\/p>\n

\n \"MTS\n <\/div>\n

\u00a0<\/p>\n

The Company recorded revenues of $948,000<\/span> for the three months ended June 30, 2020<\/span>, compared with $1,317,000<\/span> for the three months ended June 30, 2019<\/span>. Net loss from continuing operation, including one-time non-cash impairment charges of $617,000<\/span>, amounted to $628,000<\/span> or $0.11<\/span> per diluted share for the three months ended June 30, 2020<\/span> compared with a net loss from continuing operation of $76,000<\/span>, or $0.02<\/span> per diluted share, for the comparable period in 2019. On a non-GAAP basis (as described and reconciled below), the Company incurred a net loss of $4,000<\/span> or $0.00<\/span> per diluted share, for the three months ended June 30, 2020<\/span> compared with a net loss of $65,000<\/span>, or $0.01<\/span> per diluted share, for the comparable period in 2019.<\/p>\n

The Company recorded revenues of $2.1 million<\/span> for the six months ended June 30, 2020<\/span> compared with $2.6 million<\/span> for the comparable period in 2019. Net loss from continuing operation, including one-time, non-cash impairment charges of $617,000<\/span> amounted to $660,000<\/span>, or $0.12<\/span> per diluted share, for the six months ended June 30, 2020<\/span> compared with a net loss from continuing operation of $206,000<\/span>, or $0.04<\/span> per diluted share for the comparable period in 2019. On a non-GAAP basis (as described and reconciled below), the Company posted a net loss of $29,000<\/span>, or $0.01<\/span> per diluted share for the six months ended June 30, 2020<\/span><\/span>compared with a net loss of $183,000<\/span>, or $0.03<\/span> per diluted share for the comparable period in 2019. <\/p>\n

During 2018 an institutional investor invested, $1.5 million<\/span> in a newly-created class of convertible preferred shares and $0.2 million<\/span> in ordinary shares of the Company. During 2020 and 2019, the institutional investor partially exercised its greenshoe option and purchased additional $1.5 million<\/span> of the convertible preferred shares, which are convertible into ordinary shares on a one for one basis.<\/p>\n

Commenting on the results, Mr. Roy Hess<\/span>, Chief Executive Officer of MTS, said, “Our results in 2020 reflect the efficiency plan we implemented during 2019 in order to adjust our operating expenses attributable to the declining sales and to improve our operating\u00a0margins. \u00a0Excluding the impact of the one-time non-cash impairment charges, our net loss for the quarter was\u00a0$4,000 on a non-GAAP basis\u00a0In June 2019<\/span>, we introduced Omnis – Contact Center Software with “Out-Of-The-Box” capabilities and open channel architecture. We have begun to see initial revenues from this new product, whose introduction has been hampered by the constraints arising from the spread of COVID-19. As previously reported, we are also continuing our efforts to find a suitable M&A candidate for our company which will enhance shareholder value.”<\/p>\n

\n
\n About MTS<\/u>
\n <\/b>\n <\/p>\n

Mer Telemanagement Solutions Ltd. (MTS) is focused on innovative products and services for enterprises in the area of telecom expense management (TEM), call accounting and contact center software. Headquartered in Israel<\/span>, MTS markets its solutions through wholly-owned subsidiaries in Israel<\/span>, the U.S and Hong Kong<\/span>, as well as through distribution channels. For more information please visit the MTS web site: www.mtsint.com<\/a>.<\/p>\n

\n
\n Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, the Company’s ability to achieve\u00a0 profitable operations, its ability\u00a0 to continue to operate as a going concern, its ability to continue to meet NASDAQ continued listing requirements, \u00a0customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel<\/span>, \u00a0general economic conditions and other risk factors detailed in the Company’s annual report and other filings with the United States Securities and Exchange Commission.<\/i>
\n <\/b>\n <\/p>\n

\n Contacts:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>\n <\/p>\n

Ofira Bar\u00a0\u00a0
CFO\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
Tel: +972-9-7777-540\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
Email: ofira.bar@mtsint.com<\/a><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n<\/tr>\n
\n

\n
\n CONSOLIDATED BALANCE SHEETS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n U.S. dollars in thousands<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n December, 31<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n (Unaudited)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n (Audited)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ASSETS<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n CURRENT ASSETS:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Cash and cash equivalents<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a02,210<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1,732<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Restricted cash<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 431<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,464<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Trade receivables <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 414<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 499<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other accounts receivable and prepaid expenses <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 221<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 236<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Assets of discontinued operations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 178<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 172<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total<\/u>\u00a0current assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,454<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,103<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n SEVERANCE PAY FUND <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 350<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 653<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n PROPERTY AND EQUIPMENT, NET <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 49<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 62<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0GOODWILL<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,608<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,225<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total<\/u>\u00a0assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 6,461<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 8,043<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n CONSOLIDATED BALANCE SHEETS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n U.S. dollars in thousands (except share and per share data)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n June 30,\u00a0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n (Unaudited)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n (Audited)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n LIABILITIES AND SHAREHOLDERS’ EQUITY<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n CURRENT LIABILITIES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Trade payables<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0110<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 149<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Deferred revenues<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,020<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 962<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accrued expenses and other liabilities <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,202<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,317<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Liabilities of discontinued operations <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 488<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 516<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total<\/u>\u00a0current liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,820<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,944<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n LONG-TERM LIABILITIES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Accrued severance pay<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 417<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 831<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Deferred tax liability <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 55<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 163<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total<\/u>\u00a0long-term liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 472<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 994<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n COMMITMENTS AND CONTINGENT LIABILITIES\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n SHAREHOLDERS’ EQUITY: <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Share capital –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Ordinary shares <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 37<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 30<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Preferred Shares <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Additional paid-in capital<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 31,354<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 30,635<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Treasury shares at cost<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (29)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (29)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accumulated deficit<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (28,208)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (27,547)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total<\/u>\u00a0shareholders’ equity<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,169<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,105<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total<\/u>\u00a0liabilities and shareholders’ equity<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 6,461<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a08,043<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n CONSOLIDATED STATEMENTS OF OPERATIONS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n U.S. dollars in thousands (except share and per share data)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Six months ended <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Three months ended <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Unaudited<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Revenues:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Services<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a01,815<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a02,258<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 913<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a01,120<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Product sales <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 288<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 342<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 35<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 197<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total<\/u> revenues<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,103<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,600<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 948<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,317<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Cost of revenues:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Services<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 693<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 785<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 321<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 393<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Product sales<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 173<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 196<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 80<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 98<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total<\/u> cost of revenues<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 866<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 981<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 401<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 491<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Gross profit<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,237<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,619<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 547<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 826<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Operating expenses:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Research and development<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 268<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 135<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Selling and marketing<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 459<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 553<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 194<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 267<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 937<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 978<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 482<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 484<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Goodwill impairment<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 617<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 617<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total<\/u> operating expenses<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,013<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,799<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,293<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 886<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Operating loss<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (776)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (180)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (746)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (60)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Financial income (expenses), net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (25)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (15)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0Loss before taxes on income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (768)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (205)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (736)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (75)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Taxes on income (tax benefit), net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (108)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (108)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net loss from continuing operations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (660)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (206)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (628)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (76)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss from discontinued operations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (14)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (13)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (16)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net loss<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (661)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(220)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(641)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(92)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net loss per share:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Basic and diluted net loss per share from continuing
operations <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.12)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.04)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.11)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0( 0.02)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Basic and diluted net loss per share from discontinued
operations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.00)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.00)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.00)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n ( 0.00)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Basic and dilutednet loss per share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.12)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.04)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 ( 0.11)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 ( 0.02)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Weighted average number of shares used in computing\u00a0
\u00a0\u00a0\u00a0\u00a0\u00a0basic and diluted net loss per share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,645,400<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,698,440<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,669,621<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,783,115<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n RECONCILIATION OF GAAP TO NON-GAAP RESULTS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n U.S. dollars in thousands (except share and per share data)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Six months ended
<\/b>
\n <\/span>
\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Three months ended
<\/b>
\n <\/span>
\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Unaudited<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n GAAP net loss from continuing operations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (660)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (206)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (628)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (76)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Stock-based compensation expenses<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Intangible assets amortization, net of tax effects <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Goodwill impairment, net of tax effect<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 617<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 617<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Non-GAAP net loss<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(29)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0( \u00a0183)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (4)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0( 65)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net loss per share:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n GAAP basic and diluted net loss per share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.12)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 (0.04)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.11)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.02)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Non-GAAP basic and diluted net loss per share <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.01)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 (0.03)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.00)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.01)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n<\/tr>\n
\n

\n Weighted average number of shares used in computing
non-GAAP basic and diluted net loss per share <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,645,400<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,698,440<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,669,621<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,783,115<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

Logo – https:\/\/mma.prnewswire.com\/media\/777768\/MTS_Logo.jpg<\/a><\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/mts-announces-2020-second-quarter-financial-results-301176282.html<\/a><\/p>\n

SOURCE Mer Telemanagement Solutions Ltd. (MTS)<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire POWDER SPRINGS, Ga. and RA’ANANA, Israel, Nov. 18, 2020 \/PRNewswire\/ — Mer Telemanagement Solutions Ltd. (MTS)\u00a0(Nasdaq Capital Market: MTSL),\u00a0a global provider of telecommunications expense management (TEM), call accounting and contact centre software, today released its financial results for the three and six\u00a0months ended June 30, 2020. \u00a0 \u00a0 The Company recorded revenues of $948,000 for the three months ended June 30, 2020, compared with $1,317,000 for the three months ended June 30, 2019. Net loss from continuing operation, including one-time non-cash impairment charges of $617,000, amounted to $628,000 or $0.11 per diluted share for the three months ended June 30, 2020 compared with a net loss from continuing operation of $76,000, or $0.02 per diluted share, for the … <\/p>\n

Continue reading “MTS Announces 2020 Second quarter Financial Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384294","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMTS Announces 2020 Second quarter Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mts-announces-2020-second-quarter-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MTS Announces 2020 Second quarter Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire POWDER SPRINGS, Ga. and RA’ANANA, Israel, Nov. 18, 2020 \/PRNewswire\/ — Mer Telemanagement Solutions Ltd. (MTS)\u00a0(Nasdaq Capital Market: MTSL),\u00a0a global provider of telecommunications expense management (TEM), call accounting and contact centre software, today released its financial results for the three and six\u00a0months ended June 30, 2020. \u00a0 \u00a0 The Company recorded revenues of $948,000 for the three months ended June 30, 2020, compared with $1,317,000 for the three months ended June 30, 2019. 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