Evolving Systems,Inc. (NASDAQ:EVOL) Files An 8-K Results of Operations and Financial ConditionITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On August8, 2017, Evolving Systems,Inc. (“Evolving Systems”) issued a press release announcing its financial results for the second quarter ended June30, 2017. The full text of Evolving Systems’ press release, together with the related unaudited financial and operating highlights, is furnished herewith as Exhibit99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
d) Exhibits. The following exhibits are filed or furnished with this report.
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ExhibitNo. |
Description |
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99.1 |
Press Release issued by Evolving Systems,Inc. announcing the Company’s financial results for the second quarter ended June30, 2017. |
EVOLVING SYSTEMS INC ExhibitEX-99.1 2 a17-13302_4ex99d1.htm EX-99.1 EXHIBIT 99.1 Evolving Systems Reports Second Quarter 2017 Financial Results and Completes the Acquisition of Business Logic Systems 2017 Second Quarter and Six-Month Highlights: · Q2 — 2017 Net income increased 41% YoY; 37th consecutive profitable quarter · Year-to-date Net income increased 72% YoY · Q2-2017 Adjusted EBITDA of $2.2 million increased 15% over Q1-2017 · Q2-2017 Earnings per share of $0.09 compared to $0.07 in Q2-2016 · Expanded existing relationship with leading digital security partner and secured two customer acquisition and activation solution upgrades at Tier-1 operators in the Middle East and Southeast Asia ENGLEWOOD,…To view the full exhibit click here
About Evolving Systems,Inc. (NASDAQ:EVOL)
Evolving Systems, Inc. is a provider of software solutions for service enablement, on-device activation and management of services for connected devices for network operators. The Company operates in two segments: license fees and services revenue, and customer support revenue. Its service activation solution, Tertio is used to activate voice, video and data services for wireless, wireline and cable network operators. Its Subscriber Identity Module (SIM) card activation solution, Dynamic SIM Allocation is used to allocate and assign resources to Mobile Network Operators devices that rely on SIM cards. Its Mobile Data Enablement solution provides a data consumption and policy management solution for wireless carriers and Mobile Virtual Network Operators that monitor the usage and consumption of data services. Its Total Number Management product is an automated database solution that enables operators to manage their telephone numbers, as well as other communication identifiers.
