RSS   Newsletter   Contact   Advertise with us

Elbit Vision Systems Q1 $1.34 million

Staff writer ▼ | June 27, 2014
Elbit Vision Systems Ltd. announced its consolidated financial results for the three month period ending March 31, 2014. Revenues for the first quarter were $1.34 million, representing an increase of 6.3% compared to $1.26 million in Q1 2013.
Elbit Vision Systems
Elbit Vision SystemsElbit Vision Systems Ltd. announced its consolidated financial results for the three month period ending March 31, 2014. Revenues for the first quarter were $1.34 million, representing an increase of 6.3% compared to $1.26 million in Q1 2013.


Gross profit on a GAAP basis for the quarter was $0.65 million, representing 48.3% of revenues, compared to $0.6 million for the first quarter of 2013, representing 47.4% of revenues. Gross margins improved due to the increase in revenues.

Operating income on a GAAP basis for the quarter was $151 thousand compared with an operating loss of $2 thousand in the first quarter of 2013.

Net income on a GAAP basis for the quarter was $175 thousand, compared to a net loss of $59 thousand in the first quarter of 2013.


 

MORE INSIDE POST