Vtion Wireless Technology AG reported earnings results for the third quarter and nine months of 2014. The company achieved revenues of EUR 12.4 million in the third quarter of 2014.

For the nine months, the company generated revenues of EUR 35.3 million. The latter corresponds to a decrease of 22% compared to the nine-months-period of 2013. Despite the decrease of revenues the EBIT margin of 7.6% is in line with the same period of last year and the guidance as adjusted in August 2014. The decrease of revenues during the first nine months 2014 was mainly due to lower sales of wireless data cards using 3G technology, the wireless high definition sharer named "PCtoTV" and the network camera VCAM. Latter has been canceled during the reporting period of 2014. By the end of the reporting period as at September 30, 2014, the company had a net cash position of EUR 127.7 million and an equity ratio of 95%. These capital resources allow the company to return cash to shareholders while keeping cash on hand for both working capital needs and investment opportunities.

The management board is confident to reach revenues of at least EUR 48 million and an EBIT margin of approximately 7% for the full year 2014.