Lojack Corp (LOJN) Reports Q4 Loss of $0.20

Lojack Corp (NASDAQ: LOJN) reported Q4 EPS of ($0.20), versus $0.25 reported last year. Revenue for the quarter came in at $34.6 million, versus $40.5 million reported last year.

"December 2014 concluded an unprecedented three-year transitional period for LoJack in which the Company resolved a significant number of legacy issues while continuing to invest in our future," said Randy Ortiz, President and CEO. "Over the past three years, we've incurred $33 million in special charges – $16.3 million in 2014 alone – including tax settlements, legal and arbitration costs, implementation of our global quality assurance programs, charges related to our North America restructuring and operating expenses for our new Enterprise Resource Planning (ERP) project. As we put these items behind us and look toward 2015, we continue to invest to support the Company's new product development plan and expansion into the telematics space, and we are optimistic about our growth prospects for the year ahead. We remain focused on maintaining tight control on all operating expenses and prudently managing our balance sheet."

For earnings history and earnings-related data on Lojack Corp (LOJN) click here.

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