VoiceServe, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
For the nine months, the company generated revenues of $3,438,522 against $3,561,921 a year ago. The revenue decrease is attributed to the fact that the company is selling many of its solutions on a recurring based revenue policy, thus offering customers the possibility of a hosted license payable monthly rather than an outright purchase. Gross margin averaged 33.7% compared to 45.2% for the nine months ending December 31, 2011. The decrease in gross margins is due to the company's investment in R&D to complete its latest release of the eRCS dialers.