Telular Corp. (WRLS, Financial) filed Quarterly Report for the period ended 2009-03-31.
Telular Corporation is a leader in the design and manufacturing of wireless products. Telular's proprietary telecommunications interface technology enables standard phones fax machines computer modems or monitored alarm systems to utilize available cellular wireless service for either primary or back-up telecommunications. Their product lines incorporate the world's leading cellular standards and are marketed worldwide. Headquartered in Vernon Hills Illinois Telular has regional sales offices in Atlanta Delhi Dubai Mexico City Miami and Singapore. Telular Corp. has a market cap of $36.2 million; its shares were traded at around $1.97 with a P/E ratio of 21.9 and P/S ratio of 0.5.
Other income for the three months ended March 31, 2009 increased $39 to $73 from $34 for the same period of fiscal 2008. The increase was primarily due to a decrease in business taxes of $42, offset by a reduction in interest income of $9 as a result of lower interest rates and decrease in various miscellaneous expenses of $6.
Other income for the six month period ended March 31, 2009 increased $123 from $41 for the same period of fiscal 2008. The increase was primarily due a reduction in miscellaneous business taxes of $102, an increase in interest income of $7 primarily due to increased investment balances and a decrease of $14 in various miscellaneous expenses.
Investing activities used $2,785 of cash for the first six months of fiscal 2009 primarily from the acquisition of SupplyNet Communications for $2,342 and from the purchase of equipment of $443. This compares to cash provided by investing activities of $149, primarily from the release of restricted cash, for the same period of fiscal 2008.
The decrease in cash from financing activities of $3,626 in the first six months of fiscal 2009 is due to the Companys payment of notes payable of $978, which were acquired in the SupplyNet purchase, and the repurchase of its common stock on the open market of $2,648. Cash of $2,323 was provided by financing activities in the six months of fiscal year 2008 as a result of the exercise of stock options and warrants.
The increase in cash from discontinued operations of $2,248 was due to the collections of trade accounts receivable of $2,154 and $94 from the sale of the remaining fixed assets that were previously associated with the FCP business segment that was abandoned in effective June 30, 2008.
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Telular Corporation is a leader in the design and manufacturing of wireless products. Telular's proprietary telecommunications interface technology enables standard phones fax machines computer modems or monitored alarm systems to utilize available cellular wireless service for either primary or back-up telecommunications. Their product lines incorporate the world's leading cellular standards and are marketed worldwide. Headquartered in Vernon Hills Illinois Telular has regional sales offices in Atlanta Delhi Dubai Mexico City Miami and Singapore. Telular Corp. has a market cap of $36.2 million; its shares were traded at around $1.97 with a P/E ratio of 21.9 and P/S ratio of 0.5.
Highlight of Business Operations:
The decrease of 3% was primarily due to a decrease in engineering materials and supplies of $27, a decrease in travel expenses of $18, a decrease of various general expenses of $11, offset by an increase in facility expenses of $19 as a result of the purchase of SupplyNet on October 1, 2008.Other income for the three months ended March 31, 2009 increased $39 to $73 from $34 for the same period of fiscal 2008. The increase was primarily due to a decrease in business taxes of $42, offset by a reduction in interest income of $9 as a result of lower interest rates and decrease in various miscellaneous expenses of $6.
Other income for the six month period ended March 31, 2009 increased $123 from $41 for the same period of fiscal 2008. The increase was primarily due a reduction in miscellaneous business taxes of $102, an increase in interest income of $7 primarily due to increased investment balances and a decrease of $14 in various miscellaneous expenses.
Investing activities used $2,785 of cash for the first six months of fiscal 2009 primarily from the acquisition of SupplyNet Communications for $2,342 and from the purchase of equipment of $443. This compares to cash provided by investing activities of $149, primarily from the release of restricted cash, for the same period of fiscal 2008.
The decrease in cash from financing activities of $3,626 in the first six months of fiscal 2009 is due to the Companys payment of notes payable of $978, which were acquired in the SupplyNet purchase, and the repurchase of its common stock on the open market of $2,648. Cash of $2,323 was provided by financing activities in the six months of fiscal year 2008 as a result of the exercise of stock options and warrants.
The increase in cash from discontinued operations of $2,248 was due to the collections of trade accounts receivable of $2,154 and $94 from the sale of the remaining fixed assets that were previously associated with the FCP business segment that was abandoned in effective June 30, 2008.
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