Vtion Wireless Technology AG announced earnings results for the first nine months ended September 2013. For the period, the company reported revenues were €45.26 million. Revenues have decreased by 23% compared to the reporting period 2012, when €58.73 million had been reached. EBIT margin increased, from 9% in the second quarter to 10% in the third quarter 2013 and 8% in third quarter of fiscal 2012. Revenues were mainly influenced by the discontinuation of company's consumer-oriented tablet PC business as well as the price pressure in the wireless routers and wireless data cards segments, which were partly offset by the increasing sales of network cameras and wireless high definition sharer named 'PCtoTV'. The decrease of the EBIT margin compared to the same reporting period of 2012 is largely due to an increase in the ratio of selling, general and administrative expenses to sales. Net cash generated from operating activities was €6.8 million compared to net cash used in operating activities of €1.9 million for the same period a year ago.

Despite challenging market conditions the company's management team still projects the company will reach its guidance of revenues between €60 million to €70 million and an EBIT margin between 8% to 10%.

The company expected steady revenues in the fourth quarter, despite the fact that the quarter is typically weaker than the third, due to reduced procurement on the part of the telecom operators heading into year-end.