EDEN PRAIRIE, Minn. -- (August 14, 2003) -- Kontron Mobile Computing, Inc. (OTC BB: KMBC), today announced results for the second quarter of 2003.
For the quarter, the company reported operating income of $232,275, compared to operating income of $33,168 for second quarter 2002. Net income was $87,275, or $0.01 per share, on revenue of $2.9 million, compared to net loss of $211,144, or $(0.01) per share, on revenue of $2.3 million during the same period in 2002.
"I´m pleased to report a profitable quarter and a 35 percent revenue increase compared to the first quarter of 2003," said Thomas Sparrvik, CEO. "Despite this increase, however, second quarter revenue was below expectations and revenue growth continues to be our primary objective for the balance of 2003. Sales of our newest product, the ReVolution, are gathering momentum and we expect it to contribute to this goal. Looking longer term, our development team achieved a defense-related design-in win during the first quarter. This was another affirmation of our demonstrated ability to develop new products to meet customer needs."
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.