yoyo
Nuovo forumer
ho capito bene che questa società ha fatto +167% di utile netto????
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Top Image Systems Ltd. (NASDAQ: TISA) are skyrocketing past 60% gains today, launched by the company’s first-quarter financial results and revised full-year guidance.
Top Image reported first-quarter revenue of $7.2 million compared with $5.3 million reported for the same period in the previous year. The company’s first-quarter product revenues were $4.2 million, compared with $2.4 million reported for the same period in the previous year. Its service revenues increased from $2.9 million to $3 million.
Top Image reported adjusted EBITDA of $1.16 million for the first quarter of 2011, up from $0.36 million reported for the same period in the previous year. The company’s EBITDA margin in the first quarter of 2011 was 16%, compared with 7% reported in the same period in the previous year.
Top Image reported first-quarter net income of $0.74 million compared with a net loss of $1.1 million reported for the same period in the previous year. The company reported first-quarter operating income of $1.01 million, compared with $0.36 million reported for the same period in the previous year.
Dr. Ido Schechter, CEO of Table Image Systems, said that in the first quarter the company saw significant progress in its new growth areas. Schechter added that while executing on its growth strategy, the company presented its 9th consecutive quarter of operation profit.
Following the strong first-quarter financial results, Top Image also raised its full-year guidance. The company now expects organic revenue and profitability to grow 20% to 25% in 2011, compared with prior guidance of 17% to 23%.
Tel Aviv, Israel-based Top Image Systems is a developer and marketer of automated data capture solutions for managing and validating content gathered from customers, trading partners and employees.
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Top Image Systems Reports Financial Results for First Quarter 2011
Revenues of $7.2 Million, a 36% Increase Year-over-Year;
Net Income of $0.74 Million, a 167% Increase Year-over-Year;
The Company Increases Guidance to 20% to 25% for Organic Revenues and Profitability
TEL AVIV, Israel, May 11, 2011 (GLOBE NEWSWIRE) -- Top Image Systems™, Ltd. (TIS™) (Nasdaq:TISA) (TASE:TISA) the leading ECM (Enterprise Content Management) solutions provider, today announced its financial results for the first quarter ended March 31, 2011.
First Quarter Highlights
Revenues of $7.2 million, compared to $5.3 million, a 36% increase;
Net income of $0.74 million, or $0.07 per diluted share, compared to a loss of $1.1 million, or ($0.12) per diluted share, an increase of 167%. On a non-GAAP basis, net income of $1.09 million, up from $0.26 million;
Operating income of $1.01 million, an increase of $0.66 million compared to last year; Non-GAAP operating income of $1.03 million, compared to $0.45 million in the first quarter of 2010;
Ninth consecutive quarter of operational profit;
Adjusted EBITDA of $1.16 million; increased from 7% to 16% of revenues;
Positive cash flow from operations of $2.4 million, compared to $0.2 million for the same quarter in 2010;
Commenting on the first quarter results, Dr. Ido Schechter, CEO of TIS said, "This quarter we saw significant progress in our new growth areas – our Business Banking Unit and Global Partner Program. As previously announced, in April, we exhibited at the 12th Annual Asian Banker Summit in Hong Kong where we saw great receptivity to our technology. In addition, we are expanding our partner network and look forward to announcing new customer wins in the months ahead."
He continued, "While executing on our growth strategy we presented our 9th consecutive quarter of operation profit. In addition, during the first quarter we recognized a net profit on a GAAP basis and achieved significant positive cash flow from operations of $2.4 million. We are committed to staying focused on our plan and to continuing to deliver superior financial results. Given our success in the first quarter, we are increasing our guidance to 20% to 25% for organic revenues and profitability from our initial 2011 guidance range of 17% to 23%."
First Quarter 2011 Results
Revenues for the first quarter of 2011 were $7.2 million, compared to $5.3 million for the first quarter of 2010. Product revenues were $4.2 million as compared to $2.4 million in the same period of 2010. Service revenues were $3.0 million as compared to $2.9 million for the first quarter of 2010. Adjusted EBITDA for the first quarter of 2011 was $1.16 million, compared to $0.36 million in the first quarter of 2010. As a percentage of revenues, Adjusted EBITDA margin increased to 16% from 7% for the same period in 2010.
Non-GAAP net income for the first quarter of 2011 totaled $1.09 million, or $0.10 per diluted share, compared to non-GAAP net income of $0.26 million for the first quarter of 2010, or $0.03 per diluted share. Non-GAAP operating income was $1.03 million for the first quarter of 2011, compared to $0.45 million in the prior year period.
TIS had a net income on a GAAP basis of $0.74 million, or a gain of $0.07 per diluted share, for the first quarter of 2011 compared to a GAAP net loss of $1.1 million, or a loss of $0.12 per diluted share, for the first quarter of 2010. GAAP operating income was $1.01 million for the first quarter of 2011, compared to $0.36 million for the same period in 2010.
Non-GAAP financial measures
Non-GAAP measures are reconciled to comparable GAAP measures in the table entitled "Reconciliation of GAAP to Non-GAAP Results". The release includes non-GAAP financial measures, including, Adjusted EBITDA (which excludes interest expenses, taxes on income, depreciation and amortization expenses, non cash stock-based compensation expenses and changes in fair value of convertible debentures), Adjusted EBITDA Margin (determined by dividing Adjusted EBITDA by revenues), and Non-GAAP Net Income (which excludes depreciation and amortization expenses, non cash stock-based compensation expenses and changes in fair value of convertible debentures).
The presentation of these non-GAAP financial measures should be considered in addition to TIS's GAAP results provided in the attached financial statements for the three mounts ended March 31, 2011 which include a reconciliation of each non-GAAP financial measure to its most directly comparable GAAP financial measure, and is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. TIS's management believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding certain charges, gains that may not be indicative of TIS's core business operating results. TIS believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing TIS's performance. These non-GAAP financial measures also facilitate comparisons to TIS's historical performance and its competitors' operating results. TIS's includes these non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision-making.
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Top Image Systems Ltd. (NASDAQ: TISA) are skyrocketing past 60% gains today, launched by the company’s first-quarter financial results and revised full-year guidance.
Top Image reported first-quarter revenue of $7.2 million compared with $5.3 million reported for the same period in the previous year. The company’s first-quarter product revenues were $4.2 million, compared with $2.4 million reported for the same period in the previous year. Its service revenues increased from $2.9 million to $3 million.
Top Image reported adjusted EBITDA of $1.16 million for the first quarter of 2011, up from $0.36 million reported for the same period in the previous year. The company’s EBITDA margin in the first quarter of 2011 was 16%, compared with 7% reported in the same period in the previous year.
Top Image reported first-quarter net income of $0.74 million compared with a net loss of $1.1 million reported for the same period in the previous year. The company reported first-quarter operating income of $1.01 million, compared with $0.36 million reported for the same period in the previous year.
Dr. Ido Schechter, CEO of Table Image Systems, said that in the first quarter the company saw significant progress in its new growth areas. Schechter added that while executing on its growth strategy, the company presented its 9th consecutive quarter of operation profit.
Following the strong first-quarter financial results, Top Image also raised its full-year guidance. The company now expects organic revenue and profitability to grow 20% to 25% in 2011, compared with prior guidance of 17% to 23%.
Tel Aviv, Israel-based Top Image Systems is a developer and marketer of automated data capture solutions for managing and validating content gathered from customers, trading partners and employees.
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Top Image Systems Reports Financial Results for First Quarter 2011
Revenues of $7.2 Million, a 36% Increase Year-over-Year;
Net Income of $0.74 Million, a 167% Increase Year-over-Year;
The Company Increases Guidance to 20% to 25% for Organic Revenues and Profitability
TEL AVIV, Israel, May 11, 2011 (GLOBE NEWSWIRE) -- Top Image Systems™, Ltd. (TIS™) (Nasdaq:TISA) (TASE:TISA) the leading ECM (Enterprise Content Management) solutions provider, today announced its financial results for the first quarter ended March 31, 2011.
First Quarter Highlights
Revenues of $7.2 million, compared to $5.3 million, a 36% increase;
Net income of $0.74 million, or $0.07 per diluted share, compared to a loss of $1.1 million, or ($0.12) per diluted share, an increase of 167%. On a non-GAAP basis, net income of $1.09 million, up from $0.26 million;
Operating income of $1.01 million, an increase of $0.66 million compared to last year; Non-GAAP operating income of $1.03 million, compared to $0.45 million in the first quarter of 2010;
Ninth consecutive quarter of operational profit;
Adjusted EBITDA of $1.16 million; increased from 7% to 16% of revenues;
Positive cash flow from operations of $2.4 million, compared to $0.2 million for the same quarter in 2010;
Commenting on the first quarter results, Dr. Ido Schechter, CEO of TIS said, "This quarter we saw significant progress in our new growth areas – our Business Banking Unit and Global Partner Program. As previously announced, in April, we exhibited at the 12th Annual Asian Banker Summit in Hong Kong where we saw great receptivity to our technology. In addition, we are expanding our partner network and look forward to announcing new customer wins in the months ahead."
He continued, "While executing on our growth strategy we presented our 9th consecutive quarter of operation profit. In addition, during the first quarter we recognized a net profit on a GAAP basis and achieved significant positive cash flow from operations of $2.4 million. We are committed to staying focused on our plan and to continuing to deliver superior financial results. Given our success in the first quarter, we are increasing our guidance to 20% to 25% for organic revenues and profitability from our initial 2011 guidance range of 17% to 23%."
First Quarter 2011 Results
Revenues for the first quarter of 2011 were $7.2 million, compared to $5.3 million for the first quarter of 2010. Product revenues were $4.2 million as compared to $2.4 million in the same period of 2010. Service revenues were $3.0 million as compared to $2.9 million for the first quarter of 2010. Adjusted EBITDA for the first quarter of 2011 was $1.16 million, compared to $0.36 million in the first quarter of 2010. As a percentage of revenues, Adjusted EBITDA margin increased to 16% from 7% for the same period in 2010.
Non-GAAP net income for the first quarter of 2011 totaled $1.09 million, or $0.10 per diluted share, compared to non-GAAP net income of $0.26 million for the first quarter of 2010, or $0.03 per diluted share. Non-GAAP operating income was $1.03 million for the first quarter of 2011, compared to $0.45 million in the prior year period.
TIS had a net income on a GAAP basis of $0.74 million, or a gain of $0.07 per diluted share, for the first quarter of 2011 compared to a GAAP net loss of $1.1 million, or a loss of $0.12 per diluted share, for the first quarter of 2010. GAAP operating income was $1.01 million for the first quarter of 2011, compared to $0.36 million for the same period in 2010.
Non-GAAP financial measures
Non-GAAP measures are reconciled to comparable GAAP measures in the table entitled "Reconciliation of GAAP to Non-GAAP Results". The release includes non-GAAP financial measures, including, Adjusted EBITDA (which excludes interest expenses, taxes on income, depreciation and amortization expenses, non cash stock-based compensation expenses and changes in fair value of convertible debentures), Adjusted EBITDA Margin (determined by dividing Adjusted EBITDA by revenues), and Non-GAAP Net Income (which excludes depreciation and amortization expenses, non cash stock-based compensation expenses and changes in fair value of convertible debentures).
The presentation of these non-GAAP financial measures should be considered in addition to TIS's GAAP results provided in the attached financial statements for the three mounts ended March 31, 2011 which include a reconciliation of each non-GAAP financial measure to its most directly comparable GAAP financial measure, and is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. TIS's management believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding certain charges, gains that may not be indicative of TIS's core business operating results. TIS believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing TIS's performance. These non-GAAP financial measures also facilitate comparisons to TIS's historical performance and its competitors' operating results. TIS's includes these non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision-making.