telecommunication systems-a (TSYS) Key Developments
TeleCommunication Systems Inc. Presents at Noble Financial Capital Markets Eleventh Annual Investor Conference, Jan-19-2015 10:30 AM
Jan 9 15
TeleCommunication Systems Inc. Presents at Noble Financial Capital Markets Eleventh Annual Investor Conference, Jan-19-2015 10:30 AM. Venue: Club Med, Sandpiper Bay, Florida, United States.
TeleCommunication Systems Inc. Awards Contract by State of South Dakota for Next Generation 9-1-1 Systems and Services
Jan 8 15
TeleCommunication Systems Inc. announced that it has been awarded a contract by the state of South Dakota to provide Next Generation 9-1-1 (NG9-1-1) services. The contract, valued at $16.4 million, calls for TCS to provide and operate South Dakota's NG9-1-1 system for the next five years under the direction and guidance of the South Dakota 911 Coordination Board. TCS will deliver end-to-end NG9-1-1 solutions for all 29 of the state's public safety answering points (PSAPs).
TSYS Joins Forces with FICO
Nov 25 14
TSYS recently reported a new licensing agreement with FICO. The agreement will deliver an analytics-powered marketing product for card issuers called TSYS Targeted Messaging powered by FICO.
TeleCommunication Systems Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year 2014
Oct 30 14
TeleCommunication Systems Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. Revenue was $95.3 million, up 11% compared to $96 million for the previous quarter and essentially flat compared to the third quarter of 2013. Adjusted EBITDA was up 3% to $9.4 million from $9.1 million in the second quarter of 2014, and was down 14% from $10.9 million in the year-ago quarter. Adjusted net income was $3.1 million or $0.05 per diluted share, compared to $3.1 million and $0.05 per diluted share in the second quarter of 2014, and compared to adjusted net income of $2.8 million or $0.05 in the third quarter of 2013. GAAP net loss per diluted share was $0.03 versus breakeven in the year-ago quarter. Income from operations was $3,541,000 against $2,467,000 for the same period of last year. Net income before income taxes was $643,000 against loss of $1,349,000 for the same period of last year. Net loss was $1,964,000 against $155,000 for the same period of last year. Capital expenditures was $1.8 million.
For the nine months, total revenue was $266,643,000 against $283,669,000 for the same period of last year. Income from operations was $8,188,000 against $2,117,000 for the same period of last year. Net income before income taxes was $817,000 against loss of $7,497,000 for the same period of last year. Net loss was $1,383,000 against $2,855,000 for the same period of last year. Net loss per basic and diluted share was $0.02 against $0.05 for the same period of last year.
For the full year, for revenue there's no change to the range of $365 to $375 million that projected at the beginning of the year. For adjusted EBITDA, the company still expects full year results of $35 million to $38 million and the company is targeting greater than 10% year-over-year EBITDA improvement, with second half seasonality similar to what the company has experienced in the past. The company lowered projection of 2014 capital spending to the $12 billion to $13 million range so that operating cash flow, that is EBITDA net of CapEx, should approximate or exceed the high end of original 2014 guidance. Expected 2014 adjusted net income remains in the $10 million to $14 million range or $0.17 to $0.23 per diluted share using 60 million shares.
TeleCommunication Systems, Inc. Introduced VirtuMedix; Wake Emergency Physicians Deploys TeleCommunication Systems, Inc.'s VirtuMedix
Oct 27 14
TeleCommunication Systems Inc. introduced VirtuMedix, a highly secure, virtual collaboration platform designed for remote consultation of health care providers and patients. With the VirtuMedix platform, TCS addresses the rapidly growing market for video telemedicine solutions. The VirtuMedix platform provides patients with an alternative to urgent care centers or emergency rooms for acute care situations. It also may be used in long-term care situations such as assisted living, rehabilitation centers, or chronic disease management. Proven TCS technologies and expertise, including encryption, navigation, mapping and messaging further advance the capabilities of VirtuMedix. Built in collaboration with WEPPA, VirtuMedix offers an innovative approach to patient management and clinician workflows that drive cost savings for both clinicians and patients, while helping to improve overall healthcare delivery to the patient. HIPAA-compliant audio/video communication and information storage protects the privacy of patient information and allows physicians to consult securely with patients. Simple user interface and toolsets make it easy for clinicians to view various on-call rosters and to manage patient volume. Picture upload capabilities allow patients to securely share high definition images of their medical issues, such as a bite or rash, using a mobile device or web app. The integration of ePrescribe capabilities expands physicians' clinical toolset, improving productivity and speed of care. A simple electronic medical record system enables doctors to see patients' records, and enables patients to produce an invoice for insurance claims. Multi-lingual patient care agents are available to assist patients with the consultation queue and provide information, such as health records. TCS will showcase VirtuMedix in Booth #1440 at American College of Emergency Physicians' ACEP14 in Chicago on October 27-30, 2014.
Wake Emergency Physicians is the first to deploy the platform for improved patient care by its 136 emergency specialists who treat nearly 300,000 patients annually.