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TrueContext grows revenue, lessens loss

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Published on August 23, 2012; Published on August 23, 2012
OBJ Staff

An increase in customers helped propel TrueContext Mobile Solutions Corp. (TSX-V:TMN) to greater revenues and a lessened loss in the second quarter.

Topics :: Rogers Communications , Canada

Results released Thursday showed revenue growing 75 per cent to $593,646. Last year in the same quarter, revenue was $338,628.

Net loss fell three per cent to $564,897 compared with $585,975 in 2011.

"We are actively diversifying and expanding our channel subscriber base and we have recently announced important new relationships with Rogers Communications and Bell in Canada. Additionally, we are experiencing significant interest from carriers globally," stated CEO Alvaro Pombo.

"Furthermore, our secured co-marketing partnerships with the global top four mobile smartphone brands help expand awareness and representation of our products through the mobile operator channels globally."

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