On Track Innovations Ltd. (OTIV) Message Board

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Technology Stocks : On Track Innovations Ltd. (OTIV)

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From: JakeStraw	3/7/2012 8:30:46 AM
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OTI Reports FY 2011 Financial Results finance.yahoo.com Revenues of $51.3M with Gross Margin of 51% Revenues from Licensing and Transaction Fees up 199% to $12.1M Strong Balance Sheet with $28.5M in Cash, Cash Equivalents and Short Term Investments Oded Bashan, Chairman and Chief Executive Officer of OTI, commented, "In 2011 there was a significant increase in our licensing and transaction fees revenues with expansion of our customer base. We had revenues coming from a larger number of new programs and existing projects expanding and progressing to commercial deployment."

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