Pointer Telocation Q1 2014 revenues up 22%

Pointer Telocation Ltd. (NASDAQ: PNTR) said its revenues for the first quarter of 2014 increased 22 percent to USD27m as compared to USD22.1m in the first quarter of 2013.

International activities for the first quarter of 2014 were 31 percent of total revenues compared to 27 percent in the same period in 2013.

Revenues from products in the first quarter of 2014 increased 23 percent to USD9.1m (34 percent of revenues) compared to USD7.4m (34 percent of revenues) in the comparable period of 2013.

Pointer´s revenues from services in the first quarter of 2014 increased 22 percent to USD18m (66 percent of revenues) compared to USD14.7m (66 percent of revenues), in the comparable period of 2013.

Pointer Telocation is a provider of technology and services to the automotive and insurance industries, offering a set of services including road side assistance, stolen vehicle recovery and fleet management. For more information: http://www.pointer.com

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