Top Image announces financial results
Top Image Systems (Ramat-Gan, Israel, http://www.tis.co.il, Nasdaq: TISAF, TISWF) announces financial results for Q1 '97. Revenue of $738,450 represents a 21% increase from $611,776 in Q1 '96. A net loss of $11,033 compares with net income of $97,377 for Q1 '96. The forms processing and data entry systems company saw a 57% increase in product sales, quarter over quarter, to $698,149.