Numerex Q4 Profit Rises - Quick Facts

(RTTNews.com) - Numerex Corp. ( NMRX ) reported fourth-quarter net earnings of $948 thousand or $0.06 per share, higher than $692 thousand or $0.04 per share in the previous year.

Total net revenues for the quarter grew 20 percent to $18.19 million.

Stratton Nicolaides, chairperson and CEO of the company said, "The Company's strong performance was driven by the heightened demand for M2M services across several markets, which resulted in a 32% increase in our subscription base in 2012 from the beginning of the year."

The company added 135,000 net new subscriptions in the fourth quarter, an increase of 45% compared to the 93,000 net new subscriptions added in the same quarter in 2011. The net new subscriptions in the quarter increased its base to nearly 1.9 million subscriptions at the end of the year 2012.

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