LoJack Corp (LOJN) Reports Q3 EPS of $0.09
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LoJack Corp (NASDAQ: LOJN) reported Q3 EPS of $0.09, versus ($0.02) reported last year. Revenue for the quarter came in at $34.8 million, versus $32.7 million reported last year.
"Our strong third quarter performance reflects the growing base of our Stolen Vehicle Recovery (SVR) units that are being pre-installed on domestic Dealer inventories," said LoJack CEO and President Randy Ortiz. "Pre-installed SVR units accounted for 46% of total volume in the quarter, compared with 34% for the same period a year earlier. Our domestic SVR unit volume has now surpassed the growth of the broader retail automotive market for 12 consecutive months. In addition, we have significantly expanded business with the Top 125 Dealers in the United States, where total SVR installations increased 55% from the same period in 2012."
"We believe that the success of our pre-install program is helping to drive strong unit volume and expand the foundation for growth of our U.S. business, while supporting higher profitability for our Dealer partners," Ortiz said.
For earnings history and earnings-related data on LoJack Corp (LOJN) click here.
"Our strong third quarter performance reflects the growing base of our Stolen Vehicle Recovery (SVR) units that are being pre-installed on domestic Dealer inventories," said LoJack CEO and President Randy Ortiz. "Pre-installed SVR units accounted for 46% of total volume in the quarter, compared with 34% for the same period a year earlier. Our domestic SVR unit volume has now surpassed the growth of the broader retail automotive market for 12 consecutive months. In addition, we have significantly expanded business with the Top 125 Dealers in the United States, where total SVR installations increased 55% from the same period in 2012."
"We believe that the success of our pre-install program is helping to drive strong unit volume and expand the foundation for growth of our U.S. business, while supporting higher profitability for our Dealer partners," Ortiz said.
For earnings history and earnings-related data on LoJack Corp (LOJN) click here.
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