Top Image Systems, a public company whose shares are traded on NASDAQ, is a growing technology innovator.


A leading global provider of content process automation technologies, Top Image Systems is recognized for innovative thought leadership by leading independent research firms such as Forrester and Gartner. TIS addresses the established enterprise capture market, a market that reached some $3 billion in 2014 and for which estimated CAGR from 2013 – 2018 is 8% globally and 10% for North America.  Today TIS is focusing largely on financial process automation, a sub-sector comprising some 30% of this overall market; here growth is notable in the mid-market, where the demand for cloud computing is growing. In parallel, we are active in the emerging high growth mobile capture market, where we have already closed significant partnerships that are expected to bring increasingly higher revenue from quarter to quarter.

Especially following the acquisition of eGistics in 2014, the company serves a very substantial and loyal blue chip customer base from which we earn a high ratio of recurring revenue and to whom we cross-sell innovative new technologies. We are committed to continually innovate and invest in our future. Combining this with a strong management team, a growing U.S. presence, a powerful integrated solution portfolio, a healthy install base and growing market demand, we expect the combination of our mature solutions together with our new products and new partnerships to position TIS in a steady growth pattern.

We are proud of Top Image’s achievements to date and are confident in our future. The company has consistently leveraged its proprietary and long-proven data capture technology and expertise to drive value for our customers and our shareholders.  By realizing continuous efficiency improvements in our operations, protecting our core remittance and forms processing business and making prudent investments in high velocity cloud applications that target the underserved mid-market for accounts payable automation, we aim to transform our company into a high growth cloud applications and services business.

TIS Financials at a Glance

The Ordinary Shares of Top Image Systems, Ltd. are traded on the NASDAQ Small Cap market under the symbol TISA.
Exchange: NasdaqCM; Ticker: TISA

For more up-to-date financial information on TISA, visit Top Image Systems Ltd. (TISA) @ YAHOO! FINANCE.

Top Image Systems Latest Financial Results:

Q3 2017 Financial Highlights

  • Quarterly revenues were $7.1 million, compared to $7.4 million in the previous quarter of 2017, and $7.7 million in the same period in 2016
  • Quarterly net loss was ($1.5) million, compared to a loss of ($1.8) million in the previous quarter of 2017, and ($0.3) million in the same period in 2016
  • Adjusted EBITDA was a loss of ($0.7) million, compared to a loss of ($0.5) million in the previous quarter of 2017, and positive EBITDA of $0.2 million during the same period in 2016
  • Quarterly recurring revenues were $4.9 million, representing 70% of total revenue, compared to $4.75 million,  representing 64% of total revenues, in the previous quarter of 2017, and $4.9 million, representing 64% of total revenues in the same quarter of 2016
  • Quarterly GAAP total expenses were $8.5 million, compared to $8.8 million in the previous quarter of 2017 and $8.2 million in the same period last year

Download our latest investors presentation here.


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