...199,000 net subscriptions in the six month period ended June 30, 2012, bringing its cumulative base to 1,637,000 subscriptions, representing 29 percent year-over-year growth. The Company recorded GAAP net earnings of $698,000 for the three month period ended June 30, 2012, reflecting growth of 105 percent over the same period in 2011 and recorded $1,018,000 in GAAP net earnings for the six month period ended June 30, 2012, representing growth of 79 percent over the same period last year. Additional financial highlights and results are detailed below.

"The Company's record number of subscriptions posted in the second quarter and for the first half of the year is the result of an across-the-board increase in demand for our interactive and on-demand services and solutions," said Stratton Nicolaides, chairperson and CEO of Numerex. "We have added several new customers this year who have introduced new innovative M2M solutions during the first half of the year, contributing significantly to our subscription base. In addition, our existing customer base continues to add subscriptions at a robust pace. Our on-demand subscription-based model is highly scalable and is expected to drive improved financial results over the balance of the year as we continue to deliver on-demand and interactive device management, network, and application services from our fully integrated and hosted M2M platform."

Financial metrics for the second quarter of 2012 include: