CTX Virtual Technologies, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
December 19, 2013 at 06:00 am
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CTX Virtual Technologies, Inc. announced earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported that revenues decreased 0.01% to $40,934,785 with income from operations of $1,156,944 compared to $41,207,111 with income from operation of $4,965,495 for the same period 2012.
For the nine months, revenues from continuing operations increased 94.6% to $132,256,219 with income from operations of $6,904,000 compared with revenues of $67,937,891 and income from operations of $7,392,285 for the same period of 2012. Adjusted for depreciation/amortization and other non-cash items YTD EBITDA increased 10% to $9,940,666 compared to $9,047,739 for the same period in 2012.
CTX Virtual Technologies, Inc. is a manufacturer of communication devices. The Company's subsidiary, Celluon Technology Holdings Ltd., is engaged in design and manufacturing of virtual three-dimensional (3-D) electronic projection. The Company's subsidiary, Kaibida International Limited, is engaged in manufacturing personal digital assistant (PDA), smartphone and other telecommunication devices. The Company intends to combine its intellectual property in virtual projection technology with smartphone manufacturing capabilities to develop an embedded projection keyboard and other virtual data input device to a hand held mobile phone. The Company's products include VK200 KEYFOB, MISEETX, VK300, iVK100, VM100, embedded laser keyboard and digital broadcasting iPhone case. MISEETX is an integrated minicomputer. MISEETX is wireless fidelity (Wi-Fi) and Bluetooth enabled, and is capable of displaying images with images sizes up to 100 inches in wide screen format.
CTX VIRTUAL TECHNOLOGIES, INC. 
