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TeleCommunication
Systems Inc
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Nasdaq:TSYS
TeleCommunication
Systems, Inc. develops and licenses network application software (NAS)
products that enable the delivery of Internet content, short messages,
location, presence and privacy information, as well as other enhanced communication
services to and from wireless devices, including phones, two-way pagers
and personal digital assistants (PDAs).
http://www.telecomsys.com/
TCS
Wins $1.1 Million Contract to Provide U.S. Marine Corps With Professional
Services for Wireless Point-to-Point Link Systems
Services
Include Training Field Services and Ongoing Systems Maintenance
ANNAPOLIS,
MD, Oct 10, 2008 (MARKET WIRE via COMTEX News Network) -- TeleCommunication
Systems, Inc. (TCS) (NASDAQ: TSYS), a leading provider of mission-critical
wireless communications, today announced it has received a contract valued
at $1.1 million providing Wireless Point-to-Point Link (WPPL) professional
services to the U.S. Marine Corps. WPPL systems provide deployed Marines
with point-to-point and point-to-multipoint secure transmission of voice,
video and data communications over terrestrial microwave radio links.
TCS
will teach five-day WPPL operator training classes to USMC communication
operators that include both classroom and field exercises. This contract
delivery is through a strategic business partner and is separate and in
addition to the company's 2007 World-Wide Satellite Systems contract.
"TCS
has emerged as a communications technology leader and the preferred provider
of WPPL solutions to many of the deployed military units in Iraq," said
Michael Bristol, senior vice president of the TCS Government Solutions
Group. "We're dedicated to providing both systems and professional services
that ensure our troops can communicate with one another no matter where
they are located."
TeleCommunication
Systems Reports Record Second Quarter 2008 Results
Record
Revenue of $43.9 Million, up 24% Year-Over-Year; Record $12.0 Million or
$0.26 per Share GAAP Net Income; Record $15.2 Million or $0.33 per Share
EBITDA
ANNAPOLIS,
MD, Jul 31, 2008 (MARKET WIRE via COMTEX News Network) -- TeleCommunication
Systems, Inc. (TCS) (NASDAQ: TSYS), a global leader in mission-critical
wireless communications technology, reported record results for the second
quarter ended June 30, 2008.
Second
Quarter 2008 Results
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Revenue was a record $43.9 million, an increase of 9% from $40.4
million in the previous quarter and up 24% from $35.3 million in the second
quarter of 2007. This quarter's record revenue excludes $8.1 million net
proceeds from the sale of a patent, which has been reported as other
operating income.
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GAAP net income was a record $12.0 million or $0.26 per diluted share.
Excluding the patent sale, GAAP net income was $3.9 million or $0.09 per
diluted share, as compared to net income of $4.6 million or $0.11 per
diluted share in the previous quarter and a net loss of $6.1 million or
($0.15) per diluted share in the second quarter of 2007.
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EBITDA (Earnings before Interest, Taxes, Depreciation and
Amortization, which includes Non-cash Stock-based Compensation) for the
quarter was a record $15.2 million or $0.33 per diluted share. This
compares to $8.4 million or $0.19 per diluted share in the previous
quarter, and $0.3 million or $0.01 per diluted share in the same year-ago
quarter. Excluding the gain from the patent sale, EBITDA for the second
quarter was $7.2 million or $0.16 per diluted share. (See important
discussion about the presentation of EBITDA, below.)
Record
First Quarter 2008 Net Income, up 90% Sequentially
Record
$4.6 Million, $0.11 per Share GAAP Profit, on 18% Year-Over-Year Revenue
Growth; $8.4 Million, $0.20 per Share EBITDA up 79% Year-Over-Year
ANNAPOLIS,
MD, May 01, 2008 (MARKET WIRE via COMTEX News Network) -- TeleCommunication
Systems, Inc. (TCS) (NASDAQ: TSYS), a global leader in mission-critical
wireless communications technology, reported record results for the first
quarter ended March 31, 2008.
First
Quarter 2008 Results
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Revenue was $40.4 million, up 18% from $34.1 million in the first
quarter of 2007 and an increase of 9% from $37.1 million in the previous
quarter.
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GAAP net income was a record $4.6 million or $0.11 per share, versus a
net income of $0.6 million or $0.02 per share in the first quarter of 2007,
and an increase of 90% over net income of $2.4 million or $0.06 per share
in the previous quarter.
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EBITDA (Earnings before Interest, Taxes, Depreciation and
Amortization, and Noncash Stock Compensation) for the quarter was a record
$8.4 million or $0.20 per basic and $0.19 per diluted share. This is a
45%
increase from $5.8 million or $0.14 per basic and $0.13 per diluted share
in the previous quarter, and a 79% increase from $4.7 million or $0.12
per
basic and $0.11 per diluted share in the same year-ago quarter. (See
important discussion about the presentation of EBITDA, below.)
"The
quarter's results affirm favorable profit contribution trends from commercial
segment text messaging technology, location based services for public safety,
and from the government segment," said Maurice B. Tose, TCS chairman, CEO,
and president. "The robust growth in the use of SMS text messaging drove
carrier customers to purchase licenses for additional capacity during the
quarter, including the equivalent of more than two quarters' worth of a
six-quarter arrangement begun in Q3 2007. Continuing increases in SMS usage
indicate that $7.5 million of license sales previously slated for the second
half of 2008 will more likely occur in the second and third quarters. Government
segment profitability improved on a modest increase in year-over-year volume,
with significantly higher volume now expected in the remaining 2008 quarters,
as some shipments previously planned for Q1 will occur in Q2 and subsequent.
Overall, our company franchises in premium wireless carrier services and
secure deployable communication systems for government produced a strong
start for the year and positions TCS for a solid, multi-year run."
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