Some highlights from T
op Image Systems 4th quarter/year-end 2013 financials that were announced today:
- Fourth quarter revenue of $8M, up from 7.35M for Q4 '12.
- Year-end revenue of $29M for '13, down from $31.3M in 2012
- In 2013, mobile technology revenue accounted for10% of total and exceeded forecasts in this area by 100%
- SaaS revenue for Q4 was $360,000
Michael Schrader, COO, from the press release, “In 2013 we have
reinforced our transition strategy, investing significantly in cloud and
mobility and expanding our hybrid business model to gradually grow our
SaaS subscription-based operations while maintaining our existing
on-premise business....Current investments in our cloud-based solutions will further promote
SaaS sales. In 2013 we reinforced our mobile and cloud-directed product
development strategy with powerful channel and technology partnerships,
product launches, patent filings and key organizational changes to drive
US market growth. We are confident that our business model transition
and clear focus on our cloud, SaaS and mobile solution strategies in
2013 will drive us to maximum revenue growth.”
1 comment:
Fantastic work, thank you so much for shedding a light on the topic.
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