MER Telemanagement Solutions (MTSL) Reports Q4 Loss of $0.02/Share

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MTS Announces Full Year and Fourth Quarter 2015 Financial Results

March 22, 2016 8:00 AM EDT

RA'ANANA, Israel and RIVER EDGE, N.J., March 22, 2016 /PRNewswire/ -- Mer Telemanagement Solutions Ltd. (MTS) (Nasdaq Capital Market: MTSL), a global provider of software solution for online video advertising and telecommunications expense management and billing solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2015.

Twelve-Month Results: MTS's full-year 2015 revenues totaled $14.7 million compared with $7.1 million for 2014, reflecting the contribution of Vexigo Ltd.'s revenues since its acquisition on April 1, 2015.  On a GAAP basis, net loss for the period, which included non-cash impairment... More