LOJN $22~23~$21 beats by $0.04; guides in-line (LOJN) 23.33 : Reports Q4 (Dec) earnings of $0.25 per share, $0.04 better than the Reuters Estimates consensus of $0.21; revenues rose 17.1% year/year to $46.4 mln vs the $44.7 mln consensus. Co issues in-line guidance for FY06, sees FY06 rev growth of 10-12% or roughly $209.8-213.6 mln vs. $212.27 mln consensus.
LoJack Corp. 200 Lowder Brook Drive Suite 1000 Westwood, MA 02090 Phone: 781-251-4700 Fax: 781-326-7255 Web Site: http://www.lojack.com
DETAILS Index Membership: N/A Sector: Services Industry: Security & Protection Services Full Time Employees: NaN
BUSINESS SUMMARY LoJack Corporation offers wireless tracking and recovery products for mobile assets worldwide. It develops and markets the LoJack Stolen Vehicle Recovery System, a proprietary system consisting of vehicle location unit, vehicle tracking unit, sector activation system, and registration system. This system is designed to assist law enforcement personnel in locating, tracking, and recovering stolen vehicles. The company also offers LoJack Early Warning Recovery System, which provides early notification to vehicle owners in the event of unauthorized user operating the vehicle. In addition, the company offers Boomerang Tracking System, which consists of a cellular band radio frequency transponder with antenna, microprocessor, and power supply to locate and recover stolen vehicle; the Boomerang2 Unit, a product that builds upon the Boomerang Unit by integrating two-way communication and diagnostics to provide automatic theft notification by sending a signal upon any unauthorized vehicle movements; and the Water Resistant Boomerang Unit for installation on construction equipment and marine crafts; and the Portable Boomerang Unit for installation in special applications, such as cargo. LoJack Corporation markets its products through direct sales force, automobile dealers, and automotive accessory retailers, as well as through company owned distribution centers. LoJack Corporation was organized in 1978 and is headquartered in Westwood, Massachusetts.
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