Reports Fifth Consecutive Quarter of Positive Operating Income
Eden Prairie, Minn., April 24, 2002 - Kontron Mobile Computing (OTC BB: KMBC) today announced financial results for first quarter 2002.
The company reported operating income of $384,000 for first quarter 2002, compared to $561,000 for first quarter 2001. Net income for first quarter 2002 was $174,000, or $.01 per share, on revenues of $3.2 million, compared to net income of $554,000, or $.04 per share, on revenues of $5.0 million for first quarter 2001.
"Last year at this time, we reported the most profitable quarter in our history," said Thomas Sparrvik, CEO. "While first quarter 2002 was not as strong, and while the first quarter of our fiscal year is typically our slowest in terms of sales, we´re pleased to once again report a profitable quarter and our fifth consecutive quarter of positive operating income. In light of this sustained performance in the midst of a challenging economy, and with the expected availability later this year of a significant new product, the ReVolution, we look to the balance of 2002 confident that we are on the right path for success."
Significant events during the first quarter included the company´s unveiling of the ReVolution, the world´s first rugged, mobile notebook and tablet PC in one, expected to be available during the second half of 2002. During the quarter, the company also announced the appointment of Dale Szymborski to president.
Company executives will host a conference call at 10 a.m. CDT today to discuss first quarter results. Participants are invited to dial 212-676-4916 a few minutes prior to the start of the conference call.
About Kontron Mobile Computing, Inc.
A Minnesota corporation, Kontron Mobile Computing, 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 impact of changing economic or business conditions, the impact of competition, the availability of financing, the success of products in the marketplace, other risk factors inherent in the computer industry and other factors discussed from time to time in reports filed by the Company with the Securities and Exchange Commission.