TiS Reports Tripled Q4 '97 Revenue
Top Image Systems (TiS, Ramat Gan, Israel) reports Q4 '96 revenue of $1,670,632, up 203% from Q4 '96. A net loss of $63,123 compares with a Q4 '96 net loss of $283,516. For the year TiS reports revenue of $4,408,942, which represents a 98% increase over 1996. A 1997 net income of $100,500 compares with a 1996 net loss of $361,701. Q4 figures were negatively affected by a $58,000 write-off stemming from the termination of investments with an affiliated company. During the quarter TiS signed contracts with a Peruvian distributor and with Singapore Far East, a systems integrator for the processing of high-volume government related forms.