Edited Transcript of ACFN earnings conference call or presentation 15-Nov-19 4:00pm GMT
Thank you, Tracy, and good morning to those joining our call today. During the third quarter 2019, OmniMetrix again achieved revenue growth, improved gross margins and a second consecutive quarter of positive operating profit. Q3 revenue rose 4% to $1,386,000 and cash basis sales were $1,614,000, an increase of 8% over the third quarter 2018. As many of you know, cash basis sales is a performance tracking measure we use to supplement revenue reported in our financial statements.