This year, we have deliberately moderated our top line growth in order to improve collections so that we can position Telestone for a return to growth and focus on developing our U-DAS, or WFDS and TIPS technologies.The following are the key points in Telestone's business performance in the second quarter of 2012, revenues were $17.9 million, a decrease of 26.6% as compared to $24.3 million in the year-ago quarter. Gross profit was $6.6 million, as compared to $10.6 million in the year-ago quarter.
Telestone's CEO Discusses Q2 2012 Results - Earnings Call Transcript.
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