OTI Turnaround Advances, With Strong FY 2010 Results, Improvement in all Fundamentals, Showing Non-GAAP Operating Profitability. Trend Expected to Continue in 2011
finance.yahoo.com
Monday March 28, 2011, 8:00 am
* Revenues Increased by 71% from $31.4 Million to $53.6 Million
* Non-GAAP Operating Profit of $2.8 Million
* Gross Margin Increased to 54%
Oded Bashan, Chairman and CEO of OTI, said: "In 2010, we demonstrated our strategy of focusing on unique products and turnkey solutions, in the fields of SmartID, payments, parking and petroleum, with improvement in all fundamentals - higher gross margin, increased level of revenues, all while maintaining similar level of operating expenses." |
