Radyne Comstream Wts 2/05 (MM) (NASDAQ:RADNW)
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Radyne ComStream Announces Estimated Year End Results
PHOENIX, Jan. 26 /PRNewswire-FirstCall/ -- Radyne ComStream Inc.
(NASDAQ:RADNNASDAQ:RADNW), today announced that the Company expects revenues
for the 4th quarter to be between $16 and $17 million, with resulting per share
earnings between $0.14 and $0.16 per fully diluted share. Radyne also
announced that total orders received (or bookings) during the fourth quarter,
including those previously announced, set a new company record at $20.7
million. Bookings increased 124% and 166% over the 4th quarter of 2003 and the
3rd quarter of 2004, respectively. Radyne attributed the positive results to
the market acceptance of its new HDTV encoders and continued strength in sales
of its satellite modems.
Radyne expects that sales for 2004 will total between $56 and $57 million. The
Company also anticipates that earnings per fully diluted share for 2004 will be
between $0.75 and $0.77, including the previously announced benefit resulting
from the recognition of a deferred tax asset.
"We are pleased to carry a strong backlog into the first quarter of 2005," said
Bob Fitting, CEO. "Market interest in our encoder line and satellite modem
products remains strong and we look forward to a solid start to the New Year."
Radyne scheduled its full earnings announcement for February 17, 2005. Further
details regarding the announcement and public investor conference call will be
released shortly.
About Radyne ComStream
Radyne ComStream designs, manufactures, sells, integrates and installs
products, systems and software used for the transmission and reception of data
and video over satellite, microwave and cable communication networks. The
Company, through the Tiernan subsidiary, is a supplier of HDTV and SDTV
encoding and transmission equipment. Radyne ComStream is headquartered in
Phoenix, Arizona, has manufacturing facilities in Phoenix and San Diego, and
sales offices in Singapore, Beijing, Jakarta and London. The Company also has
sales and/or service centers in Sao Paulo, Bangalore, Shanghai and Moscow. For
more information visit our web site at http://www.radn.com/.
Contact: Malcolm Persen, Chief Financial Officer, 602.437.9620
Safe Harbor Paragraph for Forward-Looking Statements
This press release includes statements that constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 (the "Reform Act") and Radyne ComStream claims the protection of the
safe-harbor for forward-looking statements contained in the Reform Act.
Forward-looking statements involve risks, uncertainties and other factors that
may cause actual results, performance or achievements of Radyne ComStream and
its subsidiaries to be materially different from those expressed or implied by
such forward-looking statements. These forward-looking statements are often
characterized by the terms "may," "believes," "projects," "expects," "intends"
or "anticipates," and do not reflect historical facts. Specific forward-
looking statements contained in this press release include expectations for 4th
quarter and annual revenues and earnings per share and indications that the
Company will begin 2005 solidly, with strong market demand for its new
products. The quarterly and annual estimates are preliminary in nature and
subject to adjustment. Further, there can be no assurance that the indicators
that the factors that the Company relies on to gauge future business prospects,
such as backlog and bookings, will accurately forecast future results.
Factors that may affect forward-looking statements and the Company's business
generally include but are not limited to the following: changes in demand for
the Company's products, product mix, the timing of customer orders and
deliveries, the impact of competitive products and pricing, constraints on
supplies of critical raw materials, excess or shortage of production capacity,
and other risks discussed from time to time in the Company's SEC filings and
reports. In addition, such statements could be affected by general industry
and market conditions and growth rates, and general domestic and international
economic conditions.
Forward-looking statements speak only as of the date the statement was made.
Radyne ComStream does not undertake and specifically declines any obligation to
update any forward-looking statements. In addition, the Company does not
endorse any projections regarding future performance that may be made by third
parties.
DATASOURCE: Radyne ComStream Inc.
CONTACT: Malcolm Persen, Chief Financial Officer of Radyne ComStream
Inc., +1-602-437-9620
Web site: http://www.radn.com/