Numerex Reschedules Fourth Quarter and Full Year 2012 Financial Results
Announces Fourth Quarter 2012 Subscriptions and Provides 2013 Guidance
ATLANTA, March 11, 2013
ATLANTA, March 11, 2013 /PRNewswire/ --Numerex Corp (NASDAQ: NMRX), a leading
provider of on-demand and interactive machine-to-machine (M2M) enterprise
solutions announced today that it has rescheduled its fourth quarter and full
year 2012 conference call to March 18, 2013. Management will hold a
conference call at 9.00 a.m. Eastern time to discuss the results.
The postponement will give the Company additional time to finalize the audited
financial results for the full year 2012. The Company expects to file its
annual report on Form 10-K on time.
The Company also announced that during the fourth quarter of 2012 that it
added 135,000 M2M subscriptions bringing its base to 1.9 million at the end of
2012. These additional subscriptions generated a further increase in recurring
revenue resulting in the expectation of another profitable quarter.
Stratton Nicolaides, chairperson and CEO of Numerex stated, "The Company's
subscription growth in 2012 was above expectations as a result of strong
demand from our channel partners and customers. We believe that this trend
will continue and, as a result, we expect to grow our M2M subscription base
between 27% and 32% in 2013. This growth in subscriptions will drive
additional 2013 M2M recurring revenues, which we anticipate will increase by
18% to 23%. In addition, the Company has in excess of $25 million in cash
after retiring its bank debt, as a result of the capital raise completed in
the current quarter."
Dial-in information for the conference call is as follows:
Domestic USA & Canada: 877 551-8082
International: 904 520-5770
A live webcast of the call will be available via Numerex's web site at
http://www.numerex.comunder the Investor Relations section.
A recorded replay of the conference call will be available two hours after the
end of the call on the Numerex web site or by dialing the replay numbers
Domestic USA & Canada: (888) 284-7564
International: (904) 596-3174
Please use pass code: 2978511
Numerex Corp (NASDAQ: NMRX) is a leading provider of interactive and on-demand
machine-to-machine (M2M) technology and service, offered on a subscription
basis, used in the development and support of M2M solutions for the enterprise
and government markets worldwide. The Company offers Numerex DNA® that may
include hardware and smart Devices, cellular and satellite Network services,
and software Applications that are delivered through Numerex FAST® (Foundation
Application Software Technology). In addition, business services are offered
to enable the development of efficient, reliable, and secure solutions while
accelerating deployment. Numerex is ISO 27001 information security-certified,
highlighting the Company's focus on M2M data security, service reliability,
and round-the-clock support of its customers' M2M solutions. For additional
information, please visit www.numerex.com.
This press release contains, and other statements may contain, forward-looking
statements with respect to Numerex future financial or business performance,
conditions or strategies and other financial and business matters, including
expectations regarding growth trends and activities. Forward-looking
statements are typically identified by words or phrases such as "believe,"
"expect," "anticipate," "intend," "estimate," "assume," "strategy," "plan,"
"outlook," "outcome," "continue," "remain," "trend," and variations of such
words and similar expressions, or future or conditional verbs such as "will,"
"would," "should," "could," "may," or similar expressions. Numerex cautions
that these forward-looking statements are subject to numerous assumptions,
risks and uncertainties, which change over time. These forward-looking
statements speak only as of the date of this press release, and Numerex
assumes no duty to update forward-looking statements. Actual results could
differ materially from those anticipated in these forward-looking statements
and future results could differ materially from historical performance.
The following factors, among others, could cause actual results to differ
materially from forward-looking statements or historical performance: our
inability to reposition our platform to capture greater recurring subscription
revenues; the risks that a substantial portion of revenues derived from
contracts may be terminated at any time; the risks that our strategic
suppliers materially change or disrupt the flow of products or services;
variations in quarterly operating results; delays in the development,
introduction, integration and marketing of new products and services; customer
acceptance of services; economic conditions resulting in decreased demand for
our products and services; the risk that our strategic alliances, partnerships
and/or wireless network operators will not yield substantial revenues; changes
in financial and capital markets, and the inability to raise growth capital;
the inability to attain revenue and earnings growth; changes in interest
rates; inflation; the introduction, withdrawal, success and timing of business
initiatives and strategies; competitive conditions; the inability to realize
revenue enhancements; disruption in key supplier relationships and/or related
services; and extent and timing of technological changes. Numerex SEC reports
identify additional factors that can affect forward-looking statements.
Numerex Corp. Contact:
Investor Relations Contact:
SOURCE Numerex Corp
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