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Retour au sujet NOVATEL WIRELESS

NOVATEL WIRELESS : NVTL Q4 and Full Year results

luyckxj
26 févr. 200922:37

Novatel Wireless Announces Preliminary Fourth Quarter and Full Year 2008 Financial Results
Thu. February 26, 2009; Posted: 04:03 PM
...
65.1 million compared to $118.0 million in the fourth quarter of the prior year. GAAP net loss was approximately $3.0 million, or $(0.10) per diluted share, including $1.2 million in stock-based compensation expenses, net of taxes. These results compare to GAAP net income of $11.5 million, or $0.35 per diluted share, in the prior year period. Excluding FAS 123R stock-based compensation charges, fourth quarter 2008 non-GAAP net loss was $1.8 million or $(0.06) per diluted share, compared to non-GAAP net income of $13.8 million, or $0.42 per diluted share, for the prior year period.

Both GAAP and non-GAAP fourth quarter results include charges of approximately $3.4 million in inventory valuation reductions and approximately $830,000 in asset impairments that were driven by changes in our market conditions. These adjustments were partially offset by a reduction of approximately $2.3 million in a reserve for contingent royalty obligations and are included in cost of goods sold.

For the full year, the Company reported revenue of $321.0 million, GAAP net loss of $1.2 million or $(0.04) per diluted share, and non-GAAP net income, excluding FAS 123R stock-based compensation expenses, of $3.8 million or $0.12 per diluted
share.
...

See:
http://www.tradingmarkets.com/.site/news/Stock%20News/219 8064/

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