The net income on a GAAP basis were $ 0.43 million (0.04 US dollars per share), there were 1.1 million ($ 0.10 per share) in the previous quarter and in the Q3 2009 GAAP net loss of 0.15 million US dollars ($ 0.02 per share). GAAP operating income was $ 0.50 million for the third quarter of 2010, compared with 0.57 million in the last quarter and 0.30 million for the Q3 in 2009. The gross margin decreased compared to the previous quarter slightly, from previously 62 to 59 percent, while 63 percent were achieved in the third quarter of last year. Based operating cash flow generated in the third quarter of 2010 from TIS of $ 1.1 million in the second quarter, 2010 and 0.25 million in the third quarter of 2009 faces a cash flow of $ 0.70 million. Top image systems: Top image systems (TIS) is one of the leading providers of software in the field of automated document processing. The concentration of TIS is customized, intelligent solutions for the optimization of business processes, such as the invoice input processing in the environment of SAP and other ERP systems and the Inbox. With eFLOW the software company provides a platform, all incoming information for the Processing in the company bringing together and efficiently processed. The system is capable of, regardless of the original source, to capture business-critical data, to evaluate and to provide other corporate applications.
Information is read from, for example, from paper or from emails, faxes, and electronic documents. Top image systems was founded in 1991 and is listed as a public company on the NASDAQ and TISA. The company is headquartered in Tel Aviv, Israel, with offices in Germany (Cologne), United Kingdom, China, Japan, and North and South America. Worldwide, TIS has 200 employees and markets its solutions in more than 40 countries, with focus on the European market.