Electronics Line 3000 Ltd.
Electronics Line 3000 Ltd.: Electronics Line Posts Strong Q1 Figures
Electronics Line 3000 Ltd. / Key word(s): Quarter Results/Interim Report Electronics Line Posts Strong Q1 Figures – Sales increased by around 35% to US$ 4.3 million (Q1 2012: US$ 3.2 million) – Gross profit margin improved to 41.1% (Q1 2012: 39.7%) – Net profit of US$ 0.7 million (Q1 2012: net profit of US$ 0.1 million) Rishon LeZion, Israel (May 23, 2013) – Electronics Line 3000 Ltd. (‘the Company’ or ‘Electronics Line’) (XETRA: ELN), a global provider of wireless security with remote management solutions, today published the financial results and the interim report for the first three months of 2013 (‘Reporting Period’). In the Reporting Period, Electronics Line was able to significantly improve its sales and profitability and thus benefitted from its broader and more diversified customer base, which was built through numerous new client acquisitions over the last months. Especially, the Company’s two-way ‘iConnect’ and ‘CommPact’ systems for the residential and small commercial markets have met with a very positive reception by the new clients. Financial Highlights – The Company’s revenues in the Reporting Period amounted to US$ 4.3 million, up by some 35% compared to revenues of US$ 3.2 million during the comparable period of last year. – As total operating expenses for the Reporting Period amounted to US$ 1.1 million, the same as in the comparable year, the net profit for the Reporting Period amounted to US$ 679,000, compared to a net profit of US$ 76,000 in the comparable period of last year. – In the Reporting Period net cash provided by operating activities amounted to US$ 559,000 compared to US$ 360,000 used in operating activities during the comparable period of last year. – Due to the positive cash flow, the Company’s cash and cash equivalents as of March 31, 2013 increased to US$ 1.1 million, compared to US$ 0.7 million on December 31, 2012. – Shareholders’ equity as at March 31, 2013 amounted to US$ 4.3 million, corresponding to an equity ratio of 69%, compared to US$ 3.7 million (52%) as of December 31, 2012. Outlook The reviewed interim report for the first three months 2013 is available on the Company’s website at www.electronics-line.com in the investors section. About Electronics Line (EL): Upgrading Everyday Security EL’s wireless solutions offer enhanced detection and PSTN/IP/GSM/GPRS-based event reporting, along with advanced remote management tools. The back-office support and customized branding of EL solutions provide superior security with significant business benefits and market expansion potential. Global Partnerships EL has made emerging technology, user-friendly design and exceptional quality the benchmarks for serving its international network of clients and partners. Drawing on a tradition of pioneering expertise, EL specialists also provide security integration consultancy, installation service, training and technological support. EL was established in 1982 and is headquartered in Israel. The Company is publicly traded on the Frankfurt Stock Exchange (ELN) and is part of the RISCO Group, an established leader in the international security market. Disclaimer: This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements involve a number of known and unknown risks and uncertainties that could cause the Company’s future results, performance or achievements to differ significantly from those expressed or implied by such forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company’s Annual Report and its other filings and releases. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. For more information please contact: Investor Relations Sari Ellenberg investor.relations@electronics-line.com End of Corporate News 23.05.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Electronics Line 3000 Ltd. | |
14 Hachoma St. | ||
75655 Rishon LeZion | ||
Israel | ||
Phone: | 00972 3 9181333 | |
Fax: | 00972 3 9616 584 | |
E-mail: | investor.relations@electronics-line.com | |
Internet: | www.electronics-line.com | |
ISIN: | IL0010905052 | |
WKN: | A0B5R7 | |
Indices: | DAXsector All Technology, DAXsector Technology, DAXsubsector All Communications Technology, DAXsubsector Communications Technology , Prime All Share, Technology All Share, | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München | |
End of News | DGAP News-Service |
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