Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The 8-K is neutral. It just allows the registrar to transfer shares in electronic format instead of in certificate form.
Good/bad/neutral? I have no time to read and analyze them. Thanks!
Looks like it is time for the breakout finally!
could be, I really haven't been watching that closely. almost all stocks have frequent sellers & this selling volume is as low as the float is. then again I bet a few of those 1.46s have been buys at the bid. JMO, :)
Hudson was the broker that advertised the volume last week, obv i have have no idea who the seller is or if they are done. It's always a little scary when you see a large seller in a under-followed name, there's that fear that they 'know something' but in TELT's case the stock has literally run from $.01 low so they can be looking at the price as opposed to the potenial value the company may still have. its impossible to know why and when people sell but the stock hung real nicly, pretty good sign.
Footwedge-can you clarify who Hudson is you are referring to as being the seller?? This 200K share sell a few days ago surprised me and trying to understand who the seller might have been. Appreciate any insight you or anyone else has on this.
Telt - I still think seller is around, Hudson been selling, they're still at .45 off of .40, stock's hung in all-right off the selling pressure, if we see Hudson lift stock should as well
The Street plugs TELT;
http://www.thestreet.com/story/10691742/1/small-cap-tech-stocks-with-big-potential.html
All we have is the nice qtrs they have reported in 2009 ending in .23eps in Q3. Obviously the stock is dirt cheap if that trend continues. Most of the positive results came from expense control as well as some expansion of gross margins.
We don't have a lot of info about backlog but there are positive indications. The company has moved into much bigger facilities. They have a board member who is subsidizing expenses for the facility. It is extremely unlikely the company would have made such a move, unless they expected more business. The company is still using their old hq.
http://www.teltronics.com/PR_120909.asp
The product that may drive near term sales is the ability for schools to instantly notify all departments of emergency situations. TELT has a product that could be used in either swine flu type situations or the campus shooting incidents that have come up in the past.
I think it's worth the risk. Thru Q3, eps was .48. That means, even if Q4 was just breakeven, you are paying 3X eps. Anything sustainable near Q3 results means more like 1.5p/e.
This is like a lot of China stocks. Growth, high eps but limited visibility. It doesn't have the advantage of the fierce growth of the Chinese economy but it's in a big sector that could easily support continued growth in revs. TELT.ob appears to have a better handle on expenses so more topline growth would probably assure better results for TELT.ob and the stock price.
I sold a fair amt of stocks in January but kept my TELT.ob. It's in the show me phase where investors are waiting for Q4 but I felt the risk of missing was higher than my fear for the overall market correction. Good luck, Bobwins
anyone have some dd here?
is this 1 time hit or is the backlog looking like it's 9pm and the party is just getting started?
Form 5 filed today...
http://www.sec.gov/Archives/edgar/data/97052/000114036110006348/xslF345X03/doc1.xml
Strange thing is this was picked more than any other stock on the pick six contest yet absolutely NO one talking. Is everything speculation or are we accumulating first? Anybody...Steven
http://finance.yahoo.com/q/ks?s=TELT.OB
http://finance.yahoo.com/q/is?s=TELT.OB
If they can breakeven Q4 we have Net Income of $4.5Mil with 8.66Mil shares comes to .52 a share. However, they have initiated an international expansion which has hekped tremendously. In the event they match last Q we are looking at .75 a share in earnings. This one has lots of room to run. Remember q4 brakeven and we are trading at a PE of 3 and a Q'ly match we have a PE of 2. I've been buying small amounts all week with an average price of $1.50
TELT only issues backlog numbers on an annual basis so our most recent backlog numbers are from Q4'08. That doesn't tell us a whole lot.
I need to refresh my TELT DD to give you a good answer on the remainder of your questions.
Mike you have mentioned backlog on an older post perhaps even months ago. After the excellent last Q numbers what are your expectations for q4? Kind of hard to get any feel from recent PR's in regards to the future. Any idea if the expansion and exceptance of the 20/20 awitch can/will continue? How about current backlog? TIA...Currently have a very small starter position but would like to add....any thing you can add would be great!
Teltronics, Inc. Upgrades to a State-of-the-Art Facility
The Teltronics headquarters has relocated from Sarasota, FL, to a facility in Palmetto, FL
On 6:30 am EST, Tuesday December 8, 2009
PALMETTO, Fla., Dec. 8 /PRNewswire-FirstCall/ -- Teltronics, Inc. (OTC Bulletin Board: TELT), a premier provider of communications products and services, today announces the relocation of its headquarters from Sarasota, FL, to a modern facility in Palmetto, FL, which is approximately 20 miles further north.
The new headquarters facility is comprised of 21,520 square-feet office space and 30,000 square-feet manufacturing space. To date, Teltronics operates business from both the new facility and the former 2150 Whitfield Industrial Way address in order to continue manufacturing processes. Manufacturing at the Palmetto facility is scheduled to begin the first quarter of 2010.
Located near the I-75 and I-275 interchange, the new 2511 Corporate Way location will vastly improve company visibility and attract personnel in the Tampa Bay, Sarasota/Bradenton and surrounding areas.
CEO for Teltronics, Ewen Cameron, states, "After 27 years at the Sarasota location, the Company is pleased to find an outstanding, new facility in which we are proud to showcase to worldwide clients, partners, potential business associates and the community. At the same time, we are creating an environment that reflects the future of our business."
Teltronics joins Sysco Foods and Peek Traffic Corporation among other businesses located in Gulf Coast Corporate Park, a Miller Enterprises Development. The lease at the Palmetto facility will run for 15 years.
About Teltronics:
Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and applications software systems that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small-to-large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9001:2008 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, www.teltronics.com.
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the timely development and market acceptance of products and technologies, competitive market conditions, payment of the consideration under our acquisition agreements, successful integration of acquisitions and the failure to realize the expected benefits of such acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses ,the ability to make payments under our outstanding indebtedness, the ability to pay dividends on our preferred stock, risks relating to foreign currency translations, and other factors described in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Closed out my position in TLPH and now have one in TELT.
Nice to be on board with you good folks! :)
Teltronics, Inc. Passes Annual ISO 9001:2008 Full Re-Assessment Audit for the Eighth Consecutive Year
Teltronics meets the intensive, quality management certification requirements for the International Organization for Standardization, ISO 9001:2008.
On 6:30 am EST, Monday November 23, 2009
PALMETTO, Fla., Nov. 23 /PRNewswire-FirstCall/ -- Teltronics, Inc. (OTC Bulletin Board: TELT - News), a premier provider of contract manufacturing services to the military, medical, security, industrial and communications industries, achieves certification for the revised ISO 9001:2008 standard after successfully completing the full re-assessment audit performed by the registrar, British Approval Board for Telecommunications (BABT). The worldwide ISO certification governs and promotes the development of commerce standardization to facilitate the international exchange of goods & services.
Teltronics has established and demonstrated effective procedures and processes that ensure that all of its products are manufactured, installed, and serviced under the quality management principles which carry an internationally recognized and certified level of excellence. The comprehensive examination of Quality System and Operations takes place every three years, in addition to annual audits performed on sections of the ISO standard. Teltronics successfully passed the comprehensive examination in October, 2009 and will be certified until October, 2012. The Company has held the ISO certification since 1998.
Rob Ramey, Senior Vice President of Manufacturing for Teltronics, states, "This prestigious certification establishes the commitment to our customers to maintain and continuously improve the quality of the goods and services we offer." He continued, "Teltronics has upheld consecutive ISO certifications due to a professional, eager and devoted staff, and their quality of work produces superior products and services."
About Teltronics:
Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and applications software systems that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small-to-large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9001:2008 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, www.teltronics.com.
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the timely development and market acceptance of products and technologies, competitive market conditions, payment of the consideration under our acquisition agreements, successful integration of acquisitions and the failure to realize the expected benefits of such acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, the ability to make payments under our outstanding indebtedness, the ability to pay dividends on our preferred stock, risks relating to foreign currency translations, and other factors described in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Teltronics Announces Third Quarter Results
2009 third quarter net sales increased by 75.5% as compared to the same period in 2008.
On 1:52 pm EST, Monday November 16, 2009
PALMETTO, Fla., Nov. 16 /PRNewswire-FirstCall/ -- On November 12, 2009, Teltronics, Inc. (OTC Bulletin Board: TELT - News) announced its financial results for the three months and nine months ended September 30, 2009.
Sales for the three months ended September 30, 2009 were $14.2 million, as compared to $8.1 million reported for the same period in 2008. Sales for the nine months ended September 30, 2009 were $35.6 million, as compared to $26.1 million for the same period in 2008. Gross profit margin for the three months ended September 30, 2009 was 41.1% as compared to 38.8% for the same period in 2008. Gross profit margin for the nine months ended September 30, 2009 was 40.4%, as compared to 35.3% for the same period in 2008.
Operating expenses for the three months ended September 30, 2009 were $2.9 million, as compared to $2.8 million for the same period in 2008. Operating expenses for the nine months ended September 30, 2009 were $8.0 million, as compared to $11.2 million for the same period in 2008.
Net income for the three months ended September 30, 2009 was $2.6 million or $0.23 per fully diluted share, as compared to $75,000 or $(0.02) per fully diluted share, for the same period in 2008. Net income for the nine months ended September 30, 2009 was $5.3 million or $0.48 per fully diluted share, as compared to a net loss of $1.4 million or $(0.26) per fully diluted share, for the same period in 2008.
Net income available to common shareholders for the three months ended September 30, 2009 was $2.3 million, as compared to a net loss of $188,000 for the same period in 2008. Net income available to common shareholders for the nine months ended September 30, 2009 was $4.5 million as compared to a net loss of $2.3 million for the same period in 2008.
"Teltronics is delighted with our third quarter results," proclaims Ewen Cameron, Teltronics' President and CEO. "With a focus on expense control, reduced operation redundancies and improving processes for increased efficiencies, the company has met its goal to increase gross margin and decrease operating costs during the 9 month period," continues Cameron. "We also concentrated on increasing worldwide sales on higher gross margin products which has resulted in an increase in orders of our switching products (Cerato & 20-20)."
About Teltronics:
Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and applications software systems that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small-to-large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9000:2008 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, www.teltronics.com.
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the timely development and market acceptance of products and technologies, competitive market conditions, payment of the consideration under our acquisition agreements, successful integration of acquisitions and the failure to realize the expected benefits of such acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses ,the ability to make payments under our outstanding indebtedness, the ability to pay dividends on our preferred stock, risks relating to foreign currency translations, and other factors described in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
- See Tables Below -
TELTRONICS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
In thousands, except shares and per share amounts
ASSETS
September 30, December 31,
2009 2008
(Unaudited)
Current assets:
Cash and cash equivalents $1,309 $548
Accounts receivable, net 8,397 5,366
Inventories, net 4,711 5,085
Prepaid expenses and other current assets 400 622
--- ---
Total current assets 14,817 11,621
Property and equipment, net 755 748
Other assets 365 275
--- ---
Total assets $15,937 $12,644
======= =======
LIABILITIES AND SHAREHOLDERS' DEFICIENCY
Current liabilities:
Line of credit $5,096 $4,291
Current portion of long-term debt and
capital lease obligations 1,228 1,440
Accounts payable 5,263 6,954
Accrued expenses and other current
liabilities 3,966 3,871
----- -----
Total current liabilities 15,553 16,556
Long-term liabilities:
Deferred dividends 3,600 3,000
Long-term debt and capital lease
obligations net of current portion 1,335 2,214
----- -----
Total long-term liabilities 4,935 5,214
Commitments and contingencies
Shareholders' deficiency:
Capital stock 9 9
Additional paid-in capital 24,730 24,725
Accumulated deficit and other
comprehensive loss (29,290) (33,860)
------- -------
Total shareholders' deficiency (4,551) (9,126)
Total liabilities and shareholders'
deficiency $15,937 $12,644
======= =======
TELTRONICS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
In thousands, except shares and per share amounts
Three Months Nine Months
Ended September 30, Ended September 30,
2009 2008 2009 2008
Net sales
Product sales and
installation $11,513 $5,097 $27,603 $17,656
Maintenance and service 2,692 2,999 7,994 8,528
----- ----- ----- -----
14,205 8,096 35,597 26,184
Cost of goods sold 8,367 4,954 21,209 16,934
----- ----- ------ ------
Gross profit 5,838 3,142 14,388 9,250
----- ----- ------ -----
Operating expenses:
General and administrative 1,270 1,075 3,562 4,617
Sales and marketing 839 798 2,184 3,088
Research and development 752 794 2,096 3,043
Depreciation and amortization 38 92 144 440
-- -- --- ---
2,899 2,759 7,986 11,188
----- ----- ----- ------
Income (loss) from
operations 2,939 383 6,402 (1,938)
Other income (expense):
Interest (339) (299) (1,118) (924)
Other (14) (3) 13 1,406
Minority interest income --- --- -- 38
--
(353) (302) (1,105) 520
---- ---- ------ ---
Income (loss) before
income taxes 2,586 81 5,297 (1,418)
Income taxes 5 6 17 16
--- --- -- --
Net income (loss) 2,581 75 5,280 (1,434)
Dividends on Preferred Series B
and C Convertible stock 263 263 791 832
--- --- --- ---
Net income (loss) available
to common shareholders $2,318 $(188) $4,489 $(2,266)
====== ===== ====== =======
Net income (loss) per common
share:
Basic $0.27 $(0.02) $0.52 $(0.26)
Diluted $0.23 $(0.02) $0.48 $(0.26)
Weighted average common shares
outstanding:
Basic 8,648,361 8,647,539 8,647,810 8,647,539
Diluted 11,230,761 8,647,539 11,044,528 8,647,539
TELTRONICS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
In thousands, except shares and per share amounts
Nine Months Ended
September 30,
-------------
2009 2008
---- ----
NET CASH FLOWS PROVIDED BY OPERATING
ACTIVITIES $1,334 $1,468
INVESTING ACTIVITIES - NET (180) 1,524
FINANCING ACTIVITIES:
Net borrowings (repayments) on line of
credit 805 (1,238)
Net principal repayments on loan, notes
and capital leases (887) (1,646)
Repayment of loan from related party (203) (177)
Dividends paid on Preferred Series B
Convertible Stock (189) (189)
---- ----
Net cash flows provided by (used in)
financing activities (474) (3,250)
Effect of exchange rate changes on cash
and cash equivalents 81 (80)
-- ---
Net increase (decrease) in cash and cash
equivalents for the period 761 (338)
Cash and cash equivalents - Beginning of
Period 548 1,123
--- -----
Cash and cash equivalents - End of Period $1,309 $785
====== ====
Wish I had the fast fingers like you and KiK have. Not sure how you guys get the quick alerts.
At least when the bid popped quick I was able to cancel a sell order.
I only got to it quick because I had TELT on the Scottrade screen. Managed to pick up a little bit around the $0.55 and $0.5 level when there were lots of shares available but started selling a little bit yesterday and today since the earnings are in part driven by the big reduction in pay (not sure how long that will last with the company now apparnetly firing on some cylinders again).
Big numbers they're putting out there though for their couple seasonally strong Qs.
Let me know when you have something new out there if you're willing I need some ideas in the next month or so to get ready for 2010... Being pretty defensive right now.
Oh...I'm quite happy too as I picked up shares in the $0.90's on the news :)
Ya that was weird on the news.
I saw the bid jump to $1.01 and went to Yahoo but nothing. Then I went to Edgar and they had their whole Q report there LOL. Then I went back to Yahoo message board and noticed someone had posted it was out.
Funny, I usually complain about companies just posting a PR with results but little balance sheet info you find in the Q reports. These guys went the other way without the PR but with all the info
Southacresdave must be real happy.
Good luck.
The 10-Q is out. They made $0.23/share!!!!!!!!
Have you seen any news on TELT today? I am guessing earnings were released, but I haven't seen anything hit the wires yet. Huge move so far...
I'm not aware of any new information.
Well I did give it a boost on Friday, by selling it in the low 90's, that is always good for an additional run. LOL.
telt.ob is hot. Any thoughts? Maybe leak on earnings?
Teltronics, Inc. Collaborates With REACT Systems, Inc. to Provide a Complete Mass Notification Solution to Strategic Partners
6:30a ET November 4, 2009 (PR NewsWire)
The Teltronics Mass Notification Solution (MNS) integrates with the REACT pop-up alert notification to ensure effective real-time information during critical events
PALMETTO, Fla., Nov. 4 /PRNewswire-FirstCall/ -- Teltronics, Inc. (OTC Bulletin Board: TELT), a premier provider of communications products and services, today announces a signed contract with REACT Systems, Inc., an innovator and leader in high performance Critical Response Notification Systems (CRNS) that unifies emergency and time-sensitive situations. Together, Teltronics and REACT Systems will work with Teltronics Strategic Partners to sell the REACT product to end-users.
The REACT computer desktop pop-up and dedicated display audio/visual notification can be launched from desktops, telephones, wireless devices and/or automatically triggered through integration with leading security systems. The addition of REACT to the Teltronics Cerato Fire & Security offering now constitutes a complete Mass Notification Solution which also includes: Teltronics Mass Notification Solution (MNS) integrated with Teltronics Cerato IP Voice Communications Platform and proposed interface with GE Security's EST3 Fireworks.
As Mass Notification rapidly gains industry traction, the Teltronics solution provides hospitals, campuses, and communities the ability to remain in constant contact during critical situations.
CEO for Teltronics, Ewen Cameron, states, "The REACT component compliments the Teltronics Mass Notification Solution and continues to meet our goal to apprise a large constituency of time-sensitive information as quickly as possible to hundreds or thousands of people. We look forward to building a close relationship with REACT to better equip our Partners and ultimately protect the end-user."
"Utilizing Teltronics' growing Strategic Partner base will be an important factor affecting our revenue moving forward," declares Steve Mogul, Vice President of Sales, REACT Systems.
About Teltronics:
Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and applications software systems that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small-to-large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9001:2000 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, http://www.teltronics.com/.
About React:
REACT Systems(TM), Inc. is the innovator and leader in delivering global Critical Response Notification Systems (CRNS) that unify critical actions in emergencies and time-sensitive situations. REACT enables health care providers, educational institutions, public safety agencies, facility operators and corporations to dramatically improve Critical Response Performance (CRP) by assuring incident readiness and real-time, coordinated response. REACT Systems was formerly known as Vasona Technology, Inc. Further information regarding REACT is available at the web site, http://www.reactsystemsinc.com/.
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the timely development and market acceptance of products and technologies, competitive market conditions, payment of the consideration under our acquisition agreements, successful integration of acquisitions and the failure to realize the expected benefits of such acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, the ability to make payments under our outstanding indebtedness, the ability to pay dividends on our preferred stock, risks relating to foreign currency translations, and other factors described in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
DATASOURCE: Teltronics, Inc.
CONTACT: Ewen R. Cameron, President & CEO, +1-941-753-5000,
Web Site: http://www.teltronics.com/
Teltronics cut costs, leading to profit
Tampa Bay Business Journal
Teltronics Inc. reported a profit of $1.9 million, or 20 cents a share, in the second quarter, a major shift to the black from the loss of $1.86 million, or 22 cents per share, in the same quarter during 2008.
The company, based in Sarasota, had revenue of $11.7 million, a 20 percent increase of $9.8 million a year ago.
Teltronics (NASDAQ: TELT) instituted cost-saving measures last year that included closing a facility in Salt Lake City, cutting employees’ pay and eliminating jobs.
The company, which develops and makes telephone switching systems, said in its filing with the Securities and Exchange Commission that the measures saved $6 million.
http://tampabay.bizjournals.com/tampabay/stories/2009/08/10/daily68.html?ana=yfcpc
I sold out yesterday. I wouldn't be surprised to see it go up much further. It depends upon whether these results are in any way sustainable. I figures I had roughly a 7 bagger so that was good enough for me :)
So, are you buyin', sellin' or holdin' ??
TIA
Here is a link to the 10-Q for Q2 showing diluted EPS of $0.20.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6747521-859-49356&type=sect&dcn=0000097052-09-000007
>> Does someone know something? <<
Yes, apparently they did. If you think the pre-earnings buying interest was huge, check out the post-earnings buying interest. TELT now .55 X .64
TELT is getting some pre-earnings buying interest. Does someone know something?
Looks like 2 manufacturing opportunities now. And 1 in the sales department.
http://www.teltronics.com/Careers_listings.asp?cat=sales
10Q next month should be interesting. They could post a loss, or could post a profit of .05/share. Hoping to see something around .02, which would make TELT quite a bargain at .12!
TELT is doing a little bit of hiring. They have a manufacturing position listed on their web site:
http://www.teltronics.com/Careers_listings.asp?cat=manufacturing
TWO PR's in a week! Still think it's odd they don't PR the terrific Q1 results with earnings of .03/share. But since then, we've gotten 2 minor PR's.
I'm hopeful that the fact they're finally starting to put out news means the big turnaround in Q1 is continuing. The recent improvement in the economy should act as a tailwind.
CRN Magazine Recognizes Teltronics, Inc. as a Member of the Top 500 List of Solution Providers and Technology Integrators
On Monday June 8, 2009, 6:30 am EDT
CRN magazine ranked Teltronics, Inc. as one of the top value added reseller (VAR) revenue generators.
TELT.OB 0.13 0.SARASOTA, Fla., June 8 /PRNewswire/ -- Teltronics, Inc. (OTC Bulletin Board: TELT - News), a leading provider of communication solutions and services, today announced its recognition as one of the Top 500 revenue generating VARs by CRN Magazine. The annual VARBusiness 500 represents a prestigious listing of the largest IT solution providers, integrators and services companies in North America. CRN magazine, a United Business Media publication and the longest standing channel-focused publication in the world, provides channel analysis, technology insight and management strategy to leading solution providers and technology integrators.
This marks the third year that Teltronics has been recognized as a top solution provider. The ranking was determined by evaluating 2008 fiscal year gross revenue generated by the sale of IT goods (software and hardware), software licensing, custom software sales, professional services and managed services for thousands of VARs across the country. The performance, reliability and business partnerships Teltronics offers customers in the education, prison and municipal systems at the local, state and federal level added further credibility to the list ranking.
"Teltronics is proud of the recognition as a prominent solutions provider and technology integrator by CRN magazine," states Ewen Cameron, President and CEO for Teltronics. "Teltronics' reputation for providing cutting-edge products, reliable performance and personal interaction to all of our customers continues as our top priority."
Teltronics is listed among the other ranked VARs in the May 26, 2009 print issue of CRN magazine. Additionally, Teltronics will receive acknowledgement as a VIP at an awards dinner and conference June 2, 2009, in New York City, NY.
About Teltronics:
Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and applications software systems that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small-to-large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9001:2000 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, www.teltronics.com.
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the timely development and market acceptance of products and technologies, competitive market conditions, payment of the consideration under our acquisition agreements, successful integration of acquisitions and the failure to realize the expected benefits of such acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, the ability to make payments under our outstanding indebtedness, the ability to pay dividends on our preferred stock, risks relating to foreign currency translations, and other factors described in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
That is interesting indeed. Maybe they got a lot of feedback from investors after Q1 results stating that they need PRs and now are starting to issue them. I think there is a good chance of a repeat of Q1 results for Q2. With a good chance of also getting a PR of Q2 results this situation is quite interesting.
Followers
|
10
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
118
|
Created
|
09/06/06
|
Type
|
Free
|
Moderators |
Teltronics, Inc. Pursues Sale
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8127922
Teltronics (NASDAQ Bulletin Board: TELT.OB) has put itself up for sale as a means to exit Chapter 11 bankruptcy.
The 42 year old Palmetto, FL based company manufactures and services electronic hardware and software, primarily in the telecommunications industry. Teltronics offers state-of-the-art electronic design, development and manufacturing ("ISO 9001:2008") as well as installation and contract maintenance services to a world-class roster of customers, including AT&T, Verizon, Sprint, Gazprom, ABB, Federal Bureau of Prisons and the New York Department of Education among others.
With a global installed base of products, Teltronics operates three primary business segments via its US and UK companies and sales offices around the world:
Communications Contract Manufacturing
Teltronics' installed base of proprietary communication and alarm products has created a contract service and maintenance platform with a multi-year recurring revenue stream associated with the support of long-time customers.
The Company was compelled to seek the relief of Chapter 11 as a persistent lack of capital made the company vulnerable to the contraction in business associated with the recent recession. Teltronics filed on June 27, 2011. Management has used this opportunity to right-size its cost structure and refocus the organization.
Teltronics will emerge from bankruptcy with a predictable core business and a stable of new and innovative products that enhance current customer relationships and provide significant opportunities for growth via expanded product offerings, additional channel penetration and enter into new markets.
($000's) 2009 2010 2011P 2012P 2013P 2014P 2015P
Sales $43.1 $26.2 $21.4 $27.7 $40.5 $48.2 $52.4
GP % 41% 35% 41% 41% 39% 38% 38%
EBITDA 7.2 <1.6> 1.1 3.4 6.5 8.2 8.8
If you wish to obtain any financial data or other information about this opportunity, please contact:
David Asmann
dasmann@tritoncap.com
312-575-0192 Jeff Connell
jconnell@tritoncap.com
312-575-0190
TRITON CAPITAL PARTNERS, LTD
www.tritoncap.com
Chapter 11 Bankruptcy filed
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8012193
Teltronics, Inc., together with its subsidiaries, engages in design, installation, development, manufacture, and marketing of electronic hardware and application software products primarily in the telecommunication industry. It develops Intelligent Systems Management product line to maintain alarm monitoring for voice networks consist of remote agents and a management information system (MIS). The company's remote agent, a microcomputer device, is designed to operate in unattended environment, detect events in various customer equipment, and report selected events to MIS via local area network, wide area net work, the Internet, or the public telephone network. The MIS offers IRISnGEN software that provides tools required to manage remote agents and access network elements for routine maintenance. This software is used to collect data stored in remote agents and direct the data to the proper software application for processing. The company's products also include digital switching systems, voice over Internet Protocol, customer contact management systems, and emergency response systems. Teltronics provides electronic manufacturing services, including design and test ability reviews, turnkey material procurement and management, automated through-hole or surface mount circuit board assembly, in-circuit and functional test, and final mechanical integration for companies in the telecommunications, industrial control, test and measurement, and other computer-related industries. It also offers remote maintenance hardware and software solutions to organizations and regional telephone companies that monitor and maintain their voice and data networks. Teltronics was founded in 1988 and is headquartered in Sarasota, Florida.
August 14, 2006
A/S 40,000,000
O/S- 8,730,539 (Sept, 2010)
Teltronics Inc.
2511 Corporation Parkway
Palmetto, FL 34221
Phone: 941-753-5000
Fax: 941-758-8469
Web Site: http://www.teltronics.com
70211-24
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |