Trans-Lux Reports Third Quarter Results
(firmenpresse) - NORWALK, CT -- (Marketwire) -- 11/14/12 -- Trans-Lux Corporation, a leading supplier of Digital Displays and next generation LED lighting, reported financial results for the third quarter ended September 30, 2012 on November 14, 2012. Trans-Lux President and Chief Executive Officer J.M. Allain made the announcement.
Revenues for the third quarter of 2012 totaled $5.9 million, compared with $7.1 million for the third quarter of 2011. Trans-Lux recorded income for the third quarter of $0.2 million ($0.01 per share), compared with a loss of $2.2 million (loss of $0.88 per share) in the third quarter of 2011. The third quarter results include a $1.4 million benefit for the warrant valuation adjustment and a $0.2 million additional restructuring charge.
"We continue to see tangible results from the efficiencies we've implemented across the scope of our operations which resulted in a positive net income despite lower revenues for the quarter," said Mr. Allain. "Moving forward, new business opportunities will be driven by new and innovative sales programs that further differentiate us form the competition and capitalize on the combined sale of LED displays and lighting into numerous vertical markets."
Trans-Lux reported revenues for the nine-month period ending September 30, 2012 of $18.4 million, up from $17.1 million for the nine-month period ending September 30, 2011. Trans-Lux incurred a loss of $0.7 million (loss of $0.06 per share) during the first nine months of 2012, versus the $5.5 million loss (loss of $2.23 per share) reported for the same nine-month period in 2011. The nine months ended September 30, 2012 results include a $3.3 million benefit for the warrant valuation adjustment and a $0.4 million additional restructuring charge.
Trans-Lux Corporation is a leading designer and manufacturer of TL Vision digital video displays and TL Energy LED lighting solutions for the financial, sports and entertainment, gaming, education, government, and commercial markets. With a comprehensive offering of LED Large Screen Systems, LCD Flat Panel Displays, Data Walls and scoreboards (marketed under Fair-Play by Trans-Lux), Trans-Lux delivers comprehensive video display solutions for any size venue's indoor and outdoor display needs. TL Energy enables organizations to greatly reduce energy related costs with green lighting solutions. For more information please visit .
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements such as "will," "believe," "are projected to be" and similar expressions are statements regarding future events or the future performance of Trans-Lux Corporation, and include statements regarding projected operating results. These forward-looking statements are based on current expectations, forecasts and assumptions and involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements.
Contact:
Sami Sassoun
Senior Vice President & CFO
203.642.5903
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Datum: 14.11.2012 - 16:21 Uhr
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News-ID 1171383
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