evolving systems inc (EVOL) Key Developments
Second New African Operator Selects Evolving Systems' Dynamic SIM Allocation(TM) Solution
Jun 24 15
Evolving Systems Inc. announced that another wireless operator in Africa, one that is part of a major wireless multinational group, has selected the Company's Dynamic SIM Allocation(TM) (DSA) solution. This marks the second DSA win in the region this year and the fourth order from an entity within this important operator group. DSA will help optimize SIM logistics and enhance the customer experience, allowing the operator to grow its subscriber base quickly and cost effectively.
Evolving Systems Inc. Receives Order for Tertio Solution in Africa
Jun 11 15
Evolving Systems Inc. announced that a Tier 1 African operator has placed an order for the company's Tertio solution. The operator is conducting a major restructuring of its Operational Support Systems (OSS), looking to streamline its processes, reduce operational costs and consolidate its OSS infrastructure to support a key convergence initiative that will provide a more consistent network experience for its customers. The operator currently uses the company's Tertio solution to provision services for its prepaid wireless subscribers and already sees the benefits of a reliable, scalable solution that lowers activation errors and integrates to a wide range of network elements and business systems. As a result of this new order, Tertio will be extended to activate the operator's portfolio of converged services including postpaid, fixed line, WiMAX and value added services. In a market experiencing explosive growth but requiring low-cost services, having a trusted activation system that can be used for multiple services will allow this operator to deliver new cost-effective services that will impact people's lives.
Evolving Systems Inc. Declares Second Quarter Dividend, Payable on May 29, 2015; Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015
May 5 15
Evolving Systems Inc. declared a second quarter dividend of $0.11 per share, payable on May 29, 2015, to stockholders of record on May 22, 2015.
The company reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $6,660,000 compared with $6,582,000 for the same period last year. Income from operations was $1,422,000 compared with $1,027,000 for the same period last year. Interest income was $5,000 compared with $3,000 for the same period last year. Income before income taxes was $1,299,000 compared with $929,000 for the same period last year. Net income was $860,000 or $0.07 diluted per share compared with $651,000 or $0.05 diluted per share for the same period last year. Non-GAAP net income was $934,000 or $0.08 diluted per share compared with $857,000 or $0.07 diluted per share for the same period last year. Adjusted EBITDA was $1,631 million compared with $1,395 million for the same period last year.
Evolving Systems Inc., Annual General Meeting, Jun 17, 2015
Apr 30 15
Evolving Systems Inc., Annual General Meeting, Jun 17, 2015., at 09:00 US Mountain Standard Time. Location: 9777 Pyramid Court. Agenda: To elect the 6 nominees as directors, each for a one-year term; to approve an amendment to the Company’s 2007 Stock Incentive Plan to increase the total number of shares of common stock authorized for issuance under such plan by 500,000 shares; to approve, on a non-binding, advisory basis, the compensation paid to named executive officers; to ratify the selection of Friedman LLP as independent registered public accounting firm to audit the consolidated financial statements of Evolving Systems for fiscal year ending December 31, 2015; and to consider such other business as may properly come before the meeting or any adjournment or postponement of the meeting.
Evolving Systems Inc. to Report Q1, 2015 Results on May 05, 2015
Apr 28 15
Evolving Systems Inc. announced that they will report Q1, 2015 results at 4:30 PM, US Eastern Standard Time on May 05, 2015