This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

CTI Group Reports 2012 Results

INDIANAPOLIS, March 29, 2013 /PRNewswire/ -- CTI Group (Holdings) Inc. (OTCQB: CTIG), an international provider of electronic invoice processing and management ("EIM") and call accounting management and recording ("CAMRA") applications, reported results for the twelve months ended December 31, 2012. Revenues for the twelve months ended December 31, 2012 decreased to $16,759,121 as compared to revenues for the twelve months ended December 31, 2011 of $16,969,053.  The decrease in revenues was primarily attributable to softness in US revenues especially in our CAMRA segment partially off-set by an increase in revenue recognized in the United Kingdom in our EIM segment.  The Company reported a net income for the twelve months ended December 31, 2012 of $596,266, or $0.02 per share, as compared to a net loss of ($640,751), or ($0.02) per share, for the twelve months ended December 31, 2011.  The improvement in net income for the twelve months ended December 31, 2012 was primarily attributable to realization from the benefit cost reduction measures undertaken during the twelve months ended December 31, 2011. 

Commenting on the results, John Birbeck, CTI Group's President and CEO, stated, "We are pleased to report our fifth consecutive quarter with a positive net income. Furthermore, our reported net income of $596,266 for 2012 is a $1.2 million improvement in profitability compared to prior year results. Although we experienced a decline in revenue recognized, we are confident that we have undertaken measures that will enable us to grow revenue in the future.  We feel that our products place us in a very strong position in the market as the industry continues to migrate toward in the cloud offerings."

The Company's CAMRA product offerings include hosted VoIP applications which are expected to help eliminate customer resistance to conversion to next-generation platforms, while creating new revenue opportunities for service providers through the delivery of compelling value added services. CTI Group's products include the award-winning SmartRecord®, which enables service providers to selectively intercept and record any communications on behalf of their hosted and managed service customers.  Specifically engineered to seamlessly integrate with the service provider's evolving online eBusiness strategy, these business applications provide enterprise customers with customized access to their provider's eBusiness portal and their complex service invoices. The Proteus® suite of products is used by companies, institutions and government agencies to track communications activity and to control costs associated with operating communications networks. Proteus® performs functions of call accounting, cost allocation, client bill-back, analyses of trunk traffic and calling and usage patterns, toll fraud detection, directory services and integrates with SmartRecord® as well as with other private branch exchange peripheral products.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,703.99 -72.13 -0.41%
S&P 500 2,059.68 -8.21 -0.40%
NASDAQ 4,870.9730 -29.9120 -0.61%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs