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Article Excerpt
Business Editors
JERUSALEM--(BUSINESS WIRE)--June 15, 2004
e-SIM Ltd. (OTCBB: ESIM.OB), a leading provider of MMI (Man-Machine Interface) Solutions for wireless devices, today announced its financial results for the first quarter, ended April 30, 2004.
Revenues for the first quarter of 2004 were $1,206,740, compared to $1,099,856 for Q4 2003, representing an increase of 10%. The revenues for Q1 2003 were $1,160,886, showing an increase of 4%.
Gross profit for the current quarter was $748,055 as compared to $483,946 for Q4 2003, showing an increase of 55% over the immediately preceding quarter; Gross profits for Q1 2003 were $712,370, representing an increase of 5%.
Total operating expenses for the recent quarter were $1,160,249, a decrease of 11% from the previous quarter's figure of $1,307,457 and 17% less than the $1,402,294 in the comparable quarter in 2003.
Net loss for...
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