NFC Times Exclusive Insight – Israel-based On Track Innovations reported continued negative adjusted EBITDA and didn’t announce any new major reader sales during a recent conference call to discuss the company’s first quarter earnings. Despite a recent patent case win, investors appear to be getting impatient.

The mood among investors and analysts, who submitted questions in advance of the call this time, in a departure from OTI’s usual live conference call format, seemed skeptical, and several asked pointed questions about the company’s future. But the company’s leadership sounded optimistic tones about demand for NFC readers and the prospect of new orders on the horizon.

Trial Date Set for Suit Against T-Mobile USA
A jury trial in OTI’s patent infringement suit against T-Mobile USA is set for Nov. 30, Dimitrios Angelis, CEO of OTI’s America unit, told investors and analysts during the call.