Mer Telemanagement Solutions Ltd. (MTSL) reported Q1 2020 revenues of $1.15 million, down from $1.3 million in Q1 2019. The net loss was $20,000, or $0.01 per diluted share, an improvement from a net loss of $128,000, or $0.03 per diluted share, in the prior year. Net loss from continuing operations decreased to $32,000 compared to $130,000 in 2019. Recent funding of $710,000 from convertible preferred shares is expected to support operations. The company is focusing on its new omnichannel contact center software product, Omnis, and exploring M&A opportunities.
Mer Telemanagement Solutions Ltd. (MTS) (Nasdaq Capital Market: MTSL) announced its annual general meeting of shareholders scheduled for September 24, 2020, at 10:30 a.m. Israel time. The meeting will be held at the offices of its legal counsel, with participation available via teleconference due to COVID-19 precautions. Key agenda items include the re-election of board members and approval of insurance policies. Shareholders of record as of August 25, 2020, are eligible to vote. A proxy statement detailing meeting proposals will be mailed on or about August 28, 2020.