Source - SMW
Remote tracking device supplier Starcom posted an annul loss, as rising revenue was more than offset by expenses.

Net losses for the year through December amounted to $0.9m, narrowing from losses of $1.4m on-year.

Revenue rose 10% to $6.0m.

'I am happy to report that the company achieved a further reduction in losses in 2018 and that Ebitda was close to breakeven for the year,' chief executive Avi Hartmann said.

'It is pleasing to see that the higher margin and software service revenues have increased to approximately $2.0m compared with $1.7m for 2018, being an increase of some 18%.'

'We believe that Starcom continues to be acknowledged to be amongst the technological leaders in various fields of tracking, monitoring and IoT technology.'