Reports Third Consecutive Profitable Fiscal Year
EDEN PRAIRIE, Minn. -- (Mar. 29, 2004) -- Kontron Mobile Computing, Inc. (OTC BB: KMBC), today announced results for fourth quarter and fiscal year 2003 -- the company´s third consecutive profitable fiscal year.
For fourth quarter 2003, the company reported operating income of $541,492, compared to operating income of $949,798 for fourth quarter 2002. Net income for fourth quarter 2003 was $369,708, or $0.02 per share, on revenue of $3.8 million, compared to net income of $733,709, or $0.05 per share, on revenue of $4.4 million for fourth quarter 2002.
For the fiscal year ending December 31, 2003, the company reported operating income of $848,824, compared to operating income of $1,009,718 for fiscal year 2002. Net income for fiscal year 2003 was $177,246, or $0.01 per share, on revenue of $12.0 million, compared to net income of $148,722 or $0.01 per share, on revenue of $12.2 million for fiscal year 2002.
"We are pleased to announce the third consecutive year of profits within a market climate that continues to be challenging for companies in our sector," said Thomas Sparrvik, CEO. "During 2003, we continued to widen our presence in our key markets, particularly the military customer base. We also sustained focus on cost reduction while maintaining steady R&D spending for development projects that we believe will position us for future growth."
About Kontron Mobile Computing, Inc.
A Minnesota corporation, Kontron Mobile Computing, Inc., has designed, manufactured and marketed rugged computers for a variety of industries and applications worldwide since 1992. It also provides product customization, integration and support services. The company is headquartered in Eden Prairie, Minn., with sales, service and manufacturing locations worldwide. It is traded on the U.S. Over the Counter Bulletin Board under the ticker symbol KMBC.
Kontron Mobile Computing is the mobile computing affiliate of Kontron AG, Munich, Germany. For more information, visit Kontron Mobile Computing online at www.kontronmobile.com, or phone the company toll-free at 1-888-343-5396.
Forward-looking statements in this news release, if any, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements, including the impact of changing economic or business conditions, the impact of competition, the availability of financing, the success of products in the marketplace, other risk factors inherent in the computer industry and other factors discussed from time to time in reports filed by the Company with the Securities and Exchange Commission.
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