Published on 6 August, 2009
|Optelecom-NKF is focusing on their vision, developing leading video security and traffic solutions |
Optelecom-NKF, Inc., a leading global provider of Siqura® advanced IP-video network solutions, today announced second quarter 2009 results.
Revenues for the second quarter totaled $10.0 million compared to $11.3 million for the same quarter one year earlier. Revenues increased sequentially from $8.6 million reported in the first quarter this year.
The company reported a net loss of $127 thousand, or $(0.03) per share, for the quarter ending June 30, 2009, compared to net profit of $24 thousand, or $0.01 per share, one year earlier. Second quarter results improved sequentially from this year's first quarter loss of ($0.21) per share.
Adjusted EBITDA for the quarter (as defined in the addendum to this release) advanced to $662 thousand, compared to $351 thousand for the same quarter last year.
"While we continue to operate in a challenging environment for the end markets we serve, our technology solutions are generating results in the areas where our customers are investing," said Dave Patterson, President of Optelecom-NKF.
"In the meantime, we are executing on our vision, developing leading video security and traffic solutions for the government, institutional, and commercial market segments. We've taken steps to manage costs even as we enhance our global competitive position through product development and new partnering relationships. These initiatives will strengthen our manufacturing, sourcing, and distribution capabilities and further improve our innovation, productivity, and ability to meet customer needs."
Second quarter conference call
The telephone conference call will feature a question and answer session with the company's management
Chairman and CEO Edmund Ludwig and Optelecom-NKF's President Dave Patterson will lead a conference call to discuss second quarter results and the company's outlook at 10:00 a.m. Eastern Time, Wednesday, August 5, 2009.
Interested parties are welcome to call 866-783-2144 (International Dial In: 857-350-1603) and request the "Optelecom-NKF conference call'' shortly before the designated start time or provide the participant pass code: 53661227. The telephone conference call will feature a question and answer segment with management. For those parties unable to participate in the live conference call, a replay will be available from 1:00 p.m. following the teleconference until August 12, 2009. Those wishing to listen to the replay should call 888-286-8010 (International Dial In: 617-801-6888) and enter pass code number 52269444 when prompted.
The call is being web cast by Thomson Reuters and can be accessed here or at Optelecom-NKF's website.