Revenues of Mer Telemanagement Solutions for the first quarter of 2011 reached $2.8 million, down from $2.9 million in the same quarter last year.
Net income for the first quarter was $133,000 or $0.03 per diluted share, compared with a net loss of $2,000 in the first quarter of 2010.
The net profit in the first quarter of 2011 includes a capital gain of $77,000 that resulted from the company’s sale of its interest in Silverbyte Systems.
MTS also announced the appointment of Josef Brikman as president of its US operations.