Pointer Telocation (PNTR) Reports In-Line Q4 EPS

Pointer Telocation (NASDAQ: PNTR) reported Q4 EPS of $0.22, in-line with the analyst estimate of $0.22. Revenue for the quarter came in at $18.9 million versus the consensus estimate of $20.15 million.

Financial summary for the fourth quarter of 2017

• Revenues for the fourth quarter of 2017 increased 8% to $18.9 million as compared to $17.4 million in the fourth quarter of 2016.
• Revenues from products in the fourth quarter of 2017 decreased 6% to $5.5 million (29% of revenues) compared to $5.8 million (34 % of revenues) in the comparable period of 2016.
• Revenues from recurring services in the fourth quarter of 2017 increased 16% to $13.4 million (71% of revenues) compared to $11.6 million (66% of revenues), in the comparable period of 2016. The growth in service revenue was primarily due to the growth in the subscriber base which grew by 36,000 subscribers since December 31, 2016 and 9,000 subscribers since September 30, 2017.
• Gross profit was $10.0 million (53.0% of revenues) compared to $8.9 million (50.9% of revenues) in the fourth quarter of 2016.
• Operating income on a GAAP basis was $2.3 million (12.3% of revenues), an increase of 43%, compared with $1.6 million (9.3% of revenues) in the fourth quarter of 2016.
• Non-GAAP operating income was $2.7 million (14.2% of revenues), an increase of 15% compared to $2.3 million (13.3% of revenues) in the fourth quarter of 2016.
• GAAP net income was $11.1 million (59% of revenues), compared to $0.5 million (2.9% of revenues) million reported in the fourth quarter of 2016. That includes the one-time realization in the current quarter of a tax asset of $9.2 million, as mentioned above.
• Non-GAAP net income was $2.2 million (11.8% of revenues), an increase of 26%, compared with $1.8 million (10.1% of revenues) in the fourth quarter of 2016.
• Fully diluted earnings per share based on a GAAP basis in the fourth quarter was $1.35 per share, compared to $0.06 per share in the fourth quarter of 2016.
• Fully diluted earnings per share based on a non GAAP basis in the fourth quarter was $0.27 per share, compared to $0.22 per share in the fourth quarter of 2016.
• EBITDA was $3.1 million (16.4% of revenues), an increase of 40% compared with $2.2 million (12.6% of revenues) in the fourth quarter of 2016.
• Operating cash flow in the quarter was $3.7 million.

For earnings history and earnings-related data on Pointer Telocation (PNTR) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Eledon Pharmaceuticals, Inc. (ELDN) Misses Q2 EPS by 12c
• Innovaro (INV) Misses Q2 EPS by 9c