TeleCommunication Systems Q3 revenue up 6% YoY

TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) said its third quarter 2015 revenue was USD101.1 million, up 15 percent from USD87.9 million in the prior quarter, and up six percent from USD95.3 million in the third quarter of 2014.

Adjusted EBITDA was USD12.9 million, up 37 percent from USD9.4 million in the year-ago quarter.

Adjusted net income was USD7.4 million or USD0.12 per diluted share, up 139 percent from USD3.1 million or USD0.05 per diluted share in the third quarter of 2014.

GAAP net income increased to USD0.05 per diluted share from USD0.01 in the prior quarter, and up from a GAAP net loss of USD(0.03) in the third quarter of 2014.

TeleCommunication Systems, headquartered in Annapolis, Maryland, is a world leader in secure and highly reliable wireless communications.