MTI Wireless Edge Ltd. reported consolidated unaudited earnings results for the six months ended June 30, 2013. For the six months, the company reported revenues of $6,809,000 compared with $6,490,000 for the same period last year. Income from operations was $61,000 compared with loss from operations $385,000 for the same period last year. Loss before income tax was $3,000 compared with $401,000 for the same period last year. Net income attributable to owners of the parent was $73,000 or $0.0010 basic and diluted per share compared with net loss attributable to owners of the parent of $457,000 or $0.0102 basic and diluted per share for the same period last year. Net cash provided by operating activities was $460,000 compared with net cash used in operating activities of $394,000 for the same period last year.

The company hopes the second part of its business to be sold shortly, and anticipate that this will result in a further increase in orders. Overall, the company has continued the good progress reported in the first quarter and the board anticipates that this trend will continue in the second half of 2013.  It remains optimistic and the outlook for the Group remains positive.