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Telular Q2 net income narrows

Posted a revenue of $11.82m compared to $19.61m for the second quarter in 2008

By CBR Staff Writer

Telular, a company engaged in transforming analog into wireless communications, has reported a net income of $298,000, or $0.02 per diluted share, for the second quarter ended March 31, 2009, compared to a net income of $307,000, or $0.02 per diluted share, for the same period in 2008.

The company has reported total revenue of $11.82 for the second quarter of 2009, compared to $19.61m for the same period in 2008.

For the first six months period ended March 31, 2009, total revenue was $22.59m, compared to $39.34m for the same period of 2008. Net income was $415,000, or $0.02 per diluted share, compared to a net income of $1.98m, or $0.10 per diluted share, for the same period of 2008.

Joe Beatty, president and CEO of Telular, said: In the second quarter, we were pleased to post another quarter of solid profitability from continuing operations, in addition to sequential revenue growth led by strong performance in our Telguard business. Telguard revenues outperformed our previous expectations as wireless is increasingly being used as the primary communications path in security applications. We have continued to grow our overall recurring service revenue stream, which currently represents 46% of total revenue.

 

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