In the Q1, On Track Innovations Ltd.'s corporate clients experienced a reduction by -0.83 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 8.85 %. During the corresponding time, On Track Innovations Ltd. recorded a revenue increase by 4.48 % year on year, sequentially revenue fell by -31.38 %. While revenue at the On Track Innovations Ltd.'s corporate clients fell by -2.3 % year on year, sequentially revenue grew by 1.08 %.
Customers of On Track Innovations Ltd. saw their costs of revenue decrease by -0.83 % in Q1 compare to a year ago, sequentially costs of revenue grew by 8.85 %, for the same period On Track Innovations Ltd. recorded revenue increase by 4.48 % year on year, sequentially revenue fell by -31.38 %.
On Track Innovations Ltd.'s Comment on Sales, Marketing and Customers
We provide our customers with training, installation support, ongoing customer
service and technical support through our global network of subsidiaries, distributors
and local services providers, including employees located in our corporate headquarters
in Rosh Pina, Israel, as well as employees located in our subsidiaries in Europe,
South Africa and the United States. Our customer service teams in Rosh Pina provide
central services to our global network. Our subsidiaries, distributors and local
providers, in turn, provide customer service and technical support by telephone
and email.
In addition to selling our products through our distributors, we sell and market
our products directly and through our global network of subsidiaries. We have
also engaged consultants to market and sell our products in the Asia-Pacific
region. We market and sell our products in the Americas through our U.S.-based
subsidiary, OTI America. In Africa, our subsidiary in South Africa, OTI PetroSmart,
and in Europe, ASEC, our Polish subsidiary. In Israel and in regions where we
do not have local subsidiaries or representatives, we market and sell through
our main headquarters in Rosh Pina, Israel. Our marketing and sales staff implement
marketing campaigns to promote our products and services to enhance our global
brand recognition. Our current marketing efforts include participation in trade
shows, conferences, press releases, brand websites, social media, client/ distributor
meetings and advertising in local and global industry publications. We also
conduct technical seminars to inform customers, distributors, business partners
and other industry contributors of our unique products and innovative technologies.
On Track Innovations Ltd.’s Comment on Sales, Marketing and Customers
We provide our customers with training, installation support, ongoing customer
service and technical support through our global network of subsidiaries, distributors
and local services providers, including employees located in our corporate headquarters
in Rosh Pina, Israel, as well as employees located in our subsidiaries in Europe,
South Africa and the United States. Our customer service teams in Rosh Pina provide
central services to our global network. Our subsidiaries, distributors and local
providers, in turn, provide customer service and technical support by telephone
and email.
In addition to selling our products through our distributors, we sell and market
our products directly and through our global network of subsidiaries. We have
also engaged consultants to market and sell our products in the Asia-Pacific
region. We market and sell our products in the Americas through our U.S.-based
subsidiary, OTI America. In Africa, our subsidiary in South Africa, OTI PetroSmart,
and in Europe, ASEC, our Polish subsidiary. In Israel and in regions where we
do not have local subsidiaries or representatives, we market and sell through
our main headquarters in Rosh Pina, Israel. Our marketing and sales staff implement
marketing campaigns to promote our products and services to enhance our global
brand recognition. Our current marketing efforts include participation in trade
shows, conferences, press releases, brand websites, social media, client/ distributor
meetings and advertising in local and global industry publications. We also
conduct technical seminars to inform customers, distributors, business partners
and other industry contributors of our unique products and innovative technologies.
Sources:
On Track Innovations Ltd.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: On Track Innovations Ltd.’s corporate clients.
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