Reports Fourth Quarter and Year-End Results
EDEN PRAIRIE, Minn., Feb. 19, 2002 - Kontron Mobile Computing, Inc. (OTC BB: KMBC), formerly FieldWorks, Inc., today announced results for fourth quarter and fiscal year 2001 -- the most profitable fiscal year in the company´s history.
For the fiscal year ending December 30, 2001, the company reported record operating profit of $2.127 million. The company also reported record net profit totaling $940,000, or $0.06 per share, as compared to a net loss of $17.7 million, or a loss of $1.92 per share, for fiscal year 2000. Revenues for 2001 totaled $17.3 million, up 10 percent over 2000 revenue of $15.7 million.
For fourth quarter 2001, the company reported net profit of $230,000, or $0.01 per share, as compared to a net loss of $4.4 million, or loss of $0.43 per share, for the same period in 2000. Revenue was $4.2 million, an 8 percent increase over 2000 fourth quarter revenue of $3.9 million.
Company executives will hold a conference call today to discuss earnings at 1:30 p.m. Central Standard Time. Participants should dial (212) 346-0250 a few minutes prior to the start of the conference call.
"2001 was a turnaround year for Kontron Mobile Computing and the most successful year in our history," said Thomas Sparrvik, president and CEO. "In the midst of a very challenging year for our industry, we worked diligently to reduce operating costs and maximize revenue. The excellent results speak for the hard work and dedication of our employees."
The company posted four consecutive quarters of positive operating profit and concluded both the year and the fourth quarter with a positive book-to-bill ratio, Sparrvik added.
"I am confident that our progress in 2001 and our improved financial position will enable more stability and predictability in our business operations going forward," said Sparrvik. "We look forward to delivering exciting new products now in development, to pursuing accelerated revenue growth and to widening our market reach in the coming year and beyond."
About Kontron Mobile Computing, Inc.
A Minnesota corporation, Kontron Mobile Computing, Inc. (formerly FieldWorks, Inc.), has designed, manufactured and marketed rugged computers for a variety of industries and applications worldwide since 1992. It also provides product customization, integration and support services. The company is headquartered in Eden Prairie, Minn., with sales, service and manufacturing locations worldwide. It is traded on the U.S. Over the Counter Bulletin Board under the ticker symbol KMBC.
Kontron Mobile Computing is the mobile computing affiliate of Kontron Embedded Computers AG, Munich, Germany. For more information, visit Kontron Mobile Computing online at www.kontronmobile.com, or phone the company toll-free at 1-888-343-5396.
About Kontron Embedded Computers AG
Kontron Embedded Computers AG, Munich, Germany, is the leading global embedded computer technology company. Kontron supplies a diversified customer base of OEMs, system integrators and application providers in the communications, automation, transportation, medical, military, aerospace, test and measurement, and encryption security markets. The company helps its customers to considerably reduce their time-to-market and to gain a competitive advantage with products including high-performance open computer platforms and systems, single-board computers, man-machine interfaces and mobile computers. Kontron employs 900 people worldwide and has manufacturing facilities in Europe, North America and Asia Pacific. The company is listed on the German Neuer Markt stock exchange under the symbol KBC.
Forward-looking statements in this news release, if any, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements, including the