GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

LoJack Corp. Reports Operating Results (10-Q/A)

August 07, 2012 | About:
10qk

10qk

18 followers
LoJack Corp. (LOJN) filed Amended Quarterly Report for the period ended 2012-06-30.

Lojack Corporation has a market cap of $54.6 million; its shares were traded at around $2.75 with a P/E ratio of 20.1 and P/S ratio of 0.4.

Highlight of Business Operations:

Revenue in the North America segment from our dealer channel in the United States increased 7% when compared to the same period in 2011. Revenue in the North America segment from our heavy equipment, or commercial, channel in the United States increased 22% over the same period in 2011. Our motorcycle and direct distribution channels in the United States market saw revenue declines of 22% and increases of 13%, respectively, as compared to the same period in 2011. Revenue in the North America segment from our Canadian business saw a decrease of 16% as compared to the same period in 2011.

A decrease of $475,000, or 16%, in Canadian unit and service revenue, primarily due to a decrease of $656,000, or 26%, in service revenue driven by a 28% decline in the average number of subscribers to 41,000 for the three months ended June 30, 2012, partially offset by a $181,000 increase in product revenue as the number of base units sold during the quarter increased from 1,758 in 2011 to 2,754 in 2012;

Revenue related to our International segment decreased $2,722,000 for the three months ended June 30, 2012 as compared to the same period in 2011. The decrease was primarily due to a decline of $3,032,000, or 38%, in product revenue from our licensees due to a 44,000 decrease in the number of units sold in the three months ended June 30, 2012 compared to the same period in 2011. The decrease in units sold was primarily due to increased governmental regulation and adverse economic factors in several of our international markets. The decrease in revenue was partially offset by an increase of $174,000, or 54%, in revenue from the sale of infrastructure components, royalty, license fee, and other revenue from our licensees for the three months ended June 30, 2012 compared to the same period in 2011 and a $135,000, or 18%, increase in revenue from our Italy business as compared to the same period in 2011.

A decrease of $825,000, or 14%, in Canadian unit and service revenue, primarily due to a decrease of $1,186,000, or 23%, in service revenue driven by a 27% decline in the average number of subscribers to 43,000 for the six months ended June 30, 2012, partially offset by a $361,000 increase in product revenue as the number of base units sold during the quarter increased from 2,810 in 2011 to 4,515 in 2012; and

Revenue related to our International segment decreased $3,662,000 for the six months ended June 30, 2012 as compared to the same period in 2011. The decrease was primarily due to a decline of $3,979,000, or 28%, in product revenue from our licensees due to a 73,000 decrease in the number of units sold in the first six months of 2012 compared to the same period in 2011. The decrease in units sold was primarily due to increased governmental regulation and adverse economic factors in several of our international markets. The decrease in revenue was partially offset by an increase of $161,000, or 25%, in revenue from the sale

Read the The complete Report

About the author:

10qk
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 5.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK