zick-zock hatte glaube ich CAMP als erster auf ARIVA angerissen. Die hatten am 23.12. Quartalszahlen rausgebracht und weil die Amis herausragende Zahlen immer belohnen gabs 40% drauf.
Quartalsgewinn von 0,06 auf 0,23 pro Share gesteigert, is ne Steigerung um viele Prözentchen.
Also ich wusste gar nicht, dass die Amis am 24.12. handeln. Nacht buju.
Gruss E.
chart.bigcharts.com/bc3/quickchart/...73&mocktick=1&rand=5079"
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(Printer friendly version) California Amplifier Reports FY 2004 Third Quarter Results * Company generates record sales of $44.2 million in latest quarter * Q3 diluted EPS of 22 cents, up from 6 cents a year ago
CAMARILLO, Calif., Dec 23, 2003 /PRNewswire-FirstCall via Comtex/ -- California
Amplifier, Inc. (Nasdaq: CAMP) today reported results for its third quarter
ended November 30, 2003.
Sales for the third quarter of fiscal 2004 were $44.2 million, compared to $24.2
million for the immediately preceding quarter and $24.0 million for the third
quarter of the prior year. Net income for the third quarter was $3.5 million, or
$0.22 per diluted share, compared to net income of $391,000, or $0.03 per
diluted share in the immediately preceding quarter, and net income of $905,000,
or $0.06 per diluted share, in the third quarter of last year.
"We are pleased with our overall performance during the third quarter, during
which we successfully responded to the substantial increase in market demand for
our satellite television reception products," stated Fred Sturm, President and
Chief Executive Officer. "Our third quarter revenue, which increased over 80% on
both a sequential quarter and prior year basis, represents a record level for
our Company, greatly surpassing the previous record for quarterly revenue of
$32.8 million set two years ago. The performance in the latest quarter was made
possible by the outstanding efforts of our employees and our supply chain
partners."
Mr. Sturm continued, "In addition to increased market demand, our record
revenues in the third quarter were the result of higher average selling prices
on our latest generation satellite television products. We remain encouraged by
the continued growth in subscriber base by the U.S. satellite television
providers, and we are continuing our efforts to support their product
requirements."
For the nine months ended November 30, 2003 sales were $87.0 million, compared
to $74.0 million in the prior year. Net income for the first nine months of
fiscal year 2004 was $2.7 million, or $0.18 per diluted share, compared to net
income of $4.2 million, or $0.28 per diluted share, in the first nine months of
fiscal year 2003. Net income for the latest nine month period is down from the
prior year because of manufacturing inefficiencies associated with substantial
quarter-to-quarter changes in customer demand and production volume, material
expedite costs associated with the significant ramp-up in production volume
beginning in the second quarter, and increased competitive pricing pressures in
the Satellite products business.
Mr. Sturm also noted, "Based on our current visibility, we estimate fourth
quarter sales in the range of $40 to $48 million and earnings in the range of
$0.18 to $0.24 per diluted share."
As separately announced today, the Company has entered into an agreement to
acquire Vytek Corporation, a privately-held company engaged in providing
software and hardware solutions and services that enable wired and wireless
access to information.
Conference Call
The Company will conduct a conference call to discuss its third quarter results
and the planned acquisition of Vytek, Inc. on Tuesday, December 23, 2003 at 1:30
p.m., Pacific Time that will be available as a live audio webcast at Company's
web site,
www.calamp.com , or on the web site
www.prnewswire.com under the
Multimedia News section. Both links require listeners to install either
RealPlayer or Windows Media Player to access the event. A replay of the audio
broadcast will be available for 14 days after the call's completion.
About California Amplifier, Inc.
California Amplifier designs, manufactures and markets a broad line of
integrated microwave equipment used primarily in conjunction with satellite
television and terrestrial wireless broadband and video applications. The
Company's Satellite business unit designs and markets outdoor reception
equipment for the U.S. Direct Broadcast Satellite (DBS) television market as
well as a broad line of consumer and commercial satellite products for video and
data reception. The Wireless Access business unit designs and markets integrated
reception and two-way transmission fixed wireless equipment for broadband data
and video applications. California Amplifier is an ISO 9001 certified company.
For additional information, visit California Amplifier's web site at
www.calamp.com Statements in this release about the Company's future financial performance,
customer relationships, initiatives to develop innovative wireless solutions,
and the market potential of new products are forward- looking statements and are
subject to risks and uncertainties that could cause actual results to differ
materially from expectations. Words such as "may", "will," "expects," "intends,"
"plans," "believes," "seeks," "could," "estimate" and variations of these words
and similar expressions are intended to identify forward-looking statements.
Factors that could impact California Amplifier's future results include changes
in product demand and market growth rates, the effect of competition, pricing
pressures, supplier constraints, manufacturing yields, market acceptance of new
products and the viability and market acceptance of new technologies. Although
the Company believes the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, it can give no assurance that
its expectations will be attained. The Company undertakes no obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. More information about California
Amplifier's risks is available in the Company's annual report on Form 10-K and
other filings made from time to time with the Securities and Exchange
Commission.
For more information, contact:
Crocker Coulson
Partner
CCG Investor Relations
(818) 789-0100
crocker.coulson@ccgir.com
Rick Vitelle
Chief Financial Officer
California Amplifier, Inc.
(805) 987-9000
[TABLES FOLLOW]
CALIFORNIA AMPLIFIER, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in thousands except per share amounts)
Three Months Ended Nine Months Ended
November 30, November 30,
2003 2002 2003 2002
Sales $44,248 $23,965 $87,011 $73,973
Cost of goods sold 37,514 19,587 75,771 57,396
Gross profit 6,734 4,378 11,240 16,577
Operating expenses:
Research and development 1,338 1,391 3,936 4,815
Selling 627 469 1,670 1,943
General and administrative 925 902 2,638 3,004
2,890 2,762 8,244 9,762
Operating income 3,844 1,616 2,996 6,815
Non-operating expense, net (12) (79) (194) (159)
Income before income taxes 3,832 1,537 2,802 6,656
Income tax provision (380) (632) (62) (2,467)
Net income $3,452 $905 $2,740 $4,189
Net income per share:
Basic $0.23 $0.06 $0.19 $0.29
Diluted $0.22 $0.06 $0.18 $0.28
Shares used in per share
calculations:
Basic 14,788 14,720 14,760 14,605
Diluted 15,555 14,850 15,128 14,840
Business Segment Sales Information:
Three Months Ended Nine Months Ended
November 30, November 30,
2003 2002 2003 2002
Satellite Products $42,607 $20,443 $81,250 $64,557
Wireless Access Products 1,641 3,522 5,761 9,416
Total sales $44,248 $23,965 $87,011 $73,973
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