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TeleCommunication Systems Reports Third Quarter 2015 Results

October 29, 2015 4:07 PM EDT

ANNAPOLIS, Md., Oct. 29, 2015 /PRNewswire/ -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure wireless communication technology, reported results for the three months ended September 30, 2015.

Summary of Third Quarter 2015 Financial Results

Revenue was $101.1 million, up 15% from $87.9 million in the prior quarter, and up 6% from $95.3 million in the third quarter of 2014. Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, amortization of non-cash stock-based compensation, and non-recurring expenses)... More