MTS revenues down for Q1 2014

MTS Mer Telemanagement Solutions Ltd. (NASDAQ: MTSL) reported its revenues for the first quarter of 2014 were USD1.8m, compared with USD3.3m in revenues during the same quarter last year.

The company´s operating loss was USD313,000 in the first quarter of 2014, compared to operating profit of USD420,000 in the first quarter of 2013. Net loss in the first quarter was USD315,000, or USD(0.07) per diluted share, compared to net income of USD344,000, or USD0.07 per diluted share, in the first quarter of 2013. The principal factor that adversely affected the quarter´s results, the company said, was the termination of revenues from the agreement with Simple Mobile that ended on December 31, 2013.

Mer Telemanagement Solutions is a worldwide provider of innovative products and services for telecom expense management (TEM), enterprise mobility management (EMM), mobile virtual network operators and enablers (MVNO/MVNE) and mobile money services and solutions used by mobile service providers.

Headquartered in Israel, MTS markets its solutions through wholly owned subsidiaries in the United States and Hong Kong and through distribution channels. For more information visit www.mtsint.com.

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