NUMEREX REPORTS 2Q RESULTS INCREASED BY $1M FROM PRIOR YEAR
ATLANTA
Numerex Corp. announces its second-quarter results for 2001, reporting a net loss of 13 cents per share, including business restructuring and related one-time charges. The resulting net loss from operations, 9 cents per share, compares to a net loss of 14 cents per share for the second quarter of 2000. Net sales for the second quarter were $6 million, as compared to $5 million for the comparable period the past year.
Chairman and CEO Stratton Nicolaides says, “Second-quarter wireless data revenues reflected growth of 42 percent throughout 2000 and grew at 48 percent in a six-month comparative period. The quarterly and six-month results were broadly in line with our growth estimates and generally reflect anticipated trends. We continue to be encouraged by the 66-percent growth in our core wireless service revenues year throughout year and the 33-percent sequential growth in wireless revenues from the first quarter.
Furthermore, our quarterly and six-month operating expense to revenue ratio improved significantly, particularly when excluding the business restructuring and related one-time charges.”
Numerex develops and markets a range of communications products and services.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.