AlphaSmart Announces Preliminary Third Quarter Results, Revises Full Year 2004 Guidance
05 Outubro 2004 - 9:45AM
PR Newswire (US)
AlphaSmart Announces Preliminary Third Quarter Results, Revises
Full Year 2004 Guidance LOS GATOS, Calif., Oct. 5
/PRNewswire-FirstCall/ -- AlphaSmart, Inc. (NASDAQ:ALSM) today
announced its preliminary expectations of operating results for the
third quarter ended September 30, 2004. The company also revised
its forward-looking guidance for the fiscal year ending December
31, 2004. For the third quarter of 2004, AlphaSmart expects to
report net revenue ranging from $8.7 million to $8.8 million and
net income of $0.05 to $0.07 per share on a fully diluted basis,
calculated in accordance with U.S. generally accepted accounting
principles (GAAP). The company acknowledges that anticipated third
quarter results are preliminary and subject to change as a result
of final review by management and independent auditors and closing
adjustments for the quarter. AlphaSmart plans to report final third
quarter results after the close of the financial markets on October
14, 2004. AlphaSmart also announced today a revision of its
guidance for full year 2004 results, as disclosed publicly with
second quarter results on July 15, 2004. The company currently
expects 2004 net revenue to range from $38 million to $40 million
and GAAP net income per share on a fully diluted basis to range
from $0.24 to $0.27. Excluding the effect of $588,000 in interest
and a redemption premium paid on mandatorily redeemable preferred
stock in the first quarter of 2004, pro forma net income per share
on a fully diluted basis for the full year is currently expected to
range from $0.28 to $0.31. AlphaSmart attributed its revised
expectations to lower than anticipated demand in the K-12 education
market. "We have seen continued softness in technology spending,
causing our third quarter revenue to be lower than expected," said
Ketan Kothari, chairman and chief executive officer of AlphaSmart.
"While we expect fourth quarter revenue and earnings per share to
be up slightly from the same period of last year, we do not believe
that this will make up for the shortfall in the third quarter."
Quarterly Teleconference and Webcast AlphaSmart management plans to
conduct its regular quarterly teleconference following the release
of final third quarter results on October 14. This call will be
webcast live for all investors and archived on the company's
website. Details for accessing the webcast are as follows:
AlphaSmart 3Q04 Results Teleconference October 14, 2004 2:00 p.m.
PDT / 5:00 p.m. EDT Go to the Investor Relations page of the
AlphaSmart website at http://www.alphasmart.com/ir/, and click on
the webcast icon. From this site, you can listen to the
teleconference, assuming that your computer system is configured
properly. In addition to the webcast replay, a phone replay will be
available for seven days after the live call at 719-457-0820, code
#889148. AlphaSmart intends to discuss financial and other
statistical information on this teleconference. This information
will also be available on the company's website at
http://www.alphasmart.com/ir/, either in this news release, in the
news release on final results for the third quarter of 2004, or in
the live and archived webcasts described above. Use of Non-GAAP
Financial Measures AlphaSmart believes that the supplemental
presentation of projected net income per share calculations,
excluding the effects of interest and a redemption premium paid on
mandatorily redeemable preferred stock in the first quarter of
2004, provides meaningful non-GAAP financial measures to help
investors understand and compare business trends among different
reporting periods on a consistent basis, independently of events
impacted by the company's initial public offering in February 2004
or other infrequent or unusual events. AlphaSmart management also
uses pro forma financial measures to plan and forecast results for
future periods. Readers are cautioned not to view non-GAAP results
as an alternative to GAAP results or as being comparable to results
reported or forecasted by other companies. Readers should refer to
the reconciliation information provided above in reviewing the
non-GAAP guidance. AlphaSmart, Inc. AlphaSmart, Inc. is a provider
of technology solutions for education and productivity. Its
portable computer-companion products are used by students to
enhance writing, keyboarding and comprehension, and have been
adopted by more than 8,000 school districts in the United States
and other countries. Based in Los Gatos, California, the company
was founded in 1992 by former Apple Computer engineers.
Forward-Looking Statements Safe Harbor This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, including statements regarding AlphaSmart's expected
net revenue and net income per share on a fully diluted basis for
the third quarter of 2004, its forecasted net revenue and net
income per share under GAAP and on a pro forma basis for full year
2004, its comparison of expected net revenue and net income per
share for the fourth quarter of 2004 with actual net revenue and
net income per share reported for the fourth quarter of 2003, and
the company's belief that a slightly favorable year-over-year
comparison will not make up for the third quarter 2004 shortfall.
AlphaSmart's expectations and beliefs regarding these matters may
not materialize. Actual results in future periods are subject to
risks and uncertainties that could cause actual results to differ
materially from those projected. These risks include: the potential
impact of spending by certain school districts, particularly those
that rely on federal funding, on AlphaSmart's quarterly revenue and
earnings; fewer teachers and administrators embracing technology
solutions and one-to-one computing than AlphaSmart expects;
AlphaSmart's platforms failing to obtain broad market acceptance; a
decline in investment in, or a loss or reduction of funding for,
educational institutions; AlphaSmart's need to maintain and develop
strong brand identity; AlphaSmart's potential customers choosing
the greater functionality offered by PCs over its platforms; the
risk that some government initiatives may not endorse, or be
complementary to, AlphaSmart's platforms; risks associated with the
lack of diversity among AlphaSmart's product offerings; the Dana by
AlphaSmart platform's dependence on AlphaSmart's license with
PalmSource; and AlphaSmart's dependence on its suppliers,
particularly its single-source suppliers, among other risks. The
forward-looking statements contained in this press release are also
subject to other risks and uncertainties, including those more
fully described in AlphaSmart's filings with the Securities and
Exchange Commission, including its quarterly report on Form 10-Q
related to the three-month period ended June 30, 2004. AlphaSmart
does not undertake to update any forward-looking statements. NOTE:
AlphaSmart is a registered trademark of AlphaSmart, Inc. in the
United States and other countries. All other trademarks are the
property of their respective owners. DATASOURCE: AlphaSmart, Inc.
CONTACT: investors, James M. Walker, Vice President, Chief
Financial Officer and Chief Operating Officer of AlphaSmart, Inc.,
+1-408-355-1029, or Web site: http://www.alphasmart.com/
Copyright
Alphasmart (NASDAQ:ALSM)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Alphasmart (NASDAQ:ALSM)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024