Numerex reports subscriptions rising

Numerex Corp (NASDAQ: NMRX) said total subscriptions have increased 33% to 2.2 million at the end of the second quarter of 2013 compared to 1.6 million at the end of the second quarter of 2012.

The company added 139,000 net subscriptions in the second quarter of 2013, an increase of 20% compared to the 116,000 net subscriptions added in the same quarter of 2012. Subscription revenue and support of USD12.5m was 20.4% higher in the second quarter of 2013 compared to the second quarter of 2012.

Numerex is a provider of interactive and on-demand machine-to-machine (M2M) enterprise solutions. The company provides its technology and services through its integrated M2M horizontal platforms which are generally sold on a subscription basis. For additional information, visit www.numerex.com.

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