Q3 REVENUES GROW 35% YEAR OVER YEAR
Third Quarter 2011 Highlights Include:
- Revenues increased 35% compared to Q3 2010, and reached $17.8 million
- Non-GAAP Operating profit reached $2.1m, up 4% compared to Q3 2010
- Non-GAAP Net income grew 19% and reached $2.3 million compared to $1.9 million in Q3 2010
- As of September 30, 2011, cash and cash equivalents reached $19.5 million
- Total shareholders’ equity of $118.7 million as of September 30, 2011, representing 74% of the total balance sheet. The increase is mainly due to issuance of shares as part of the merger transaction