March 6, 2021

Notable News to Focus: Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL)

Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL) stock observed trading -69.29% off 52-week high price. On the other end, the stock has been noted 14.07% away from low price over the last 52-weeks. The stock disclosed a move of -22.66% away from 50 day moving average and -24.41% away from 200 day moving average. Moving closer, we can see that shares have been trading -16.87% off 20-day moving average. It has market cap of $2.91M.

On March 24, 2020, Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL) a global provider of telecommunications expense management (TEM), call accounting and contact center software,  disclosed its financial results for the three and twelve months ended December 31, 2019.

The Company recorded revenues of $1.4 million for the three months ended December 31, 2019, compared with $1.6 million for the three months ended December 31, 2018. The Company recorded net income of $99,000 for the three months ended December 31, 2019, or $0.02 per diluted share, compared with net income of $110,000, or $0.03 per diluted share, for the comparable period in 2018. In the three months ended December 31, 2019, the Company had net income from continuing operations of $46,000 compared to net income from continuing operations of $48,000 in the comparable period in 2018. The Company recognized net income from discontinued operations of $53,000 in the three months ended December 31, 2019, compared to net income from discontinued operations of $62,000 in the comparable period in 2018.

The Company recorded revenues of $5.2 million for the year ended December 31, 2019, compared with $5.9 million for the comparable period in 2018. The Company incurred a net loss of $(135,000), or $(0.03) per diluted share, for the year ended December 31, 2019, compared with a net loss of $(1.2) million, or ($0.34) per diluted share, in the comparable period in 2018. Net loss from continuing operations was $(192,000) for the year ended December 31, 2019, compared with a net loss from continuing operations of $(886,000) in the comparable period in 2018. On a non-GAAP basis (as described and reconciled below), the Company had net income from continuing operations of $79,000, or $0.02 per diluted share, for the year ended December 31, 2019, compared with a net loss from continuing operations of $(776,000), or $(0.23) per diluted share, for the comparable period in 2018.

The Israel based company Mer Telemanagement Solutions Ltd. moved with change of 0.86% to $0.82 with the total traded volume of 80630 shares in recent session versus to an average volume of 58.06K shares. The stock was observed in the 5 days activity at -14.51%. The one month performance of stock was -27.05%. MTSL’s shares are at -24.35% for the quarter and driving a -56.79% return over the course of the past year and is now at -20.68% since this point in 2018.  Right now the stock beta is 1.47. The average volatility for the week and month was at 13.10% and 9.48% respectively. There are 3.56M shares outstanding and 2.32M shares are floated in market.