M-Wise, Inc. Delivers Upward Numbers – Revenue UP 89%
Stock Guru Profile MWIS-OB m-Wise, Inc.
For M-Wise, Inc. the big story is in the numbers. Quarterly growth for the first Q1 2007 is very strong: revenues for the first three months are up 89% from $253,783 from the same period last year and income from revenue shares increased 277% to $141,271.
In tandem with this positive performance year over year growth continues in a definitive upward trend for BOTH Total Revenue and Gross Profit:
2007 December 31
Total Revenue $2,230
Gross Profit $1,909
2006 December 31
Total Revenue $2,168
Gross Profit $1,527
2004 December 31
Total Revenue $1,361
Gross Profit $1,055
First Quarter 2007 Details:
The consolidated financial results for the three months ended March 31, 2007, indicates a strong and significant strength in cash flow and definitive balance sheet improvements:
Net cash provided by operating activities was $59,686 compared to Net cash used in operating activities of $111,749 in 2006 first quarter.
Net increase in cash and cash equivalents was $138,363 compared to $19,666 in 2006 first quarter.
Revenues for the three months ended March 31, 2007 rose to $478,866, up 89% from $253,783 in the same period last year.
Income from revenue shares increased 277% to $141,271 for the Three months ended March 31, 2007 from $37,433 in 2006.
Record deal of $1.8 million over 3 years was signed in February 2007 with one of the company’s existing US-based customers; details of the deal cannot be disclosed due to the confidentiality agreement with the customer.
Gross profit climbed to $419,756, up 74% from $240,836 in 2006.
Net loss decreased 65% to $134,035 for the Three months ended March 31, 2007 from $387,117 in 2006.
About M-Wise, Inc.
m-Wise, Inc.
3 Sapir street
POB 12035
Hertzelya 46733
Israel
New York Office
(at Landmark Ventures)
1270 Broadway, Suite 1105
New York, NY 10001
Madrid Office
(at Pabrune)
Almagro, 11 28010
Madrid Spain
Phone: 972-(0)73-262-0000
About m-Wise: Founded in 2000, m-Wise has established itself as a leading international provider of enabling technologies for the mobile communications, mobile advertising, mobile gaming and mobile entertainment industries. m-Wise is the developer of MOMA platform, a proven mobile content management and service delivery platform used in over 50 mobile networks throughout Europe, North and Latin America, and Asia.
MOMA is an integrated “one stop shop” for mobile operators, wireless ASPs, and content providers to deliver end-users with a state-of-the-art mobile experience. MOMA makes it easy to manage and deliver content such as entertainment, music, games and video regardless of handset compatibility, while adding real-time end user interactivity like voting, mobile marketing, advertising and access to all forms of real-time content. MOMA furthermore integrates built-in capabilities for transactional billing, customer care and marketing to satisfy the growing needs of major brands and marketing agencies.
Safe-Harbor Statement: This press release contains “forward-looking statements.” These forward-looking statements use words such as “believes,” “intends,” “expects,” “may,” “will,” “should,” “plan,” “projected,” “contemplates,” “anticipates” or similar statements. These statements are based on our beliefs, as well as assumptions we have used based upon information currently available to us. Because these statements reflect our current views concerning future events, these statements involve risks, uncertainties and assumptions. Actual future results may differ significantly from the results discussed in the forward-looking statements. A reader, whether investing in this common stock or not, should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release.
Forward Looking Statement: All statements in this news release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While management has based forward-looking statements contained herein on current expectations, information on such expectations may change. Forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, which could cause actual results to materially differ from such statements.
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