Reporting record operating profit for the second consecutive quarter
EDEN PRAIRIE, Minn., August 6, 2001 - Kontron Mobile Computing, Inc. (OTC BB: KMBC), formerly FieldWorks, Inc., today announced second quarter 2001 results, reporting record operating profit for the second consecutive quarter.
The company, a leading supplier of rugged, mobile computers, reported second quarter operating profit of $909,870 -- the highest quarterly operating profit figure in the company´s history. The company also reported net income of $460,565 as compared to a net loss of $3.5 million in second quarter 2000. For six months ended July 1, 2001, revenue was $9.9 million compared to $8.4 million during the first two quarters of 2000. Year-to-date net income was over $1.0 million or $0.07 per share compared to a loss of $6.1 million or $0.68 over the same period last year.
Second quarter earnings were $0.03 per share compared to a loss of $0.40 per share in second quarter 2000. Revenues were $4.9 million, an increase of 20 percent over second quarter 2000 revenues of $4.0 million.
"It´s a credit to our employees that we´re marking the achievement of the first back-to-back profitable quarters in our company´s history," said Thomas Sparrvik, president and CEO. "Since late last year, we have worked to restructure and reposition the company through a sharpened focus on our key markets around the world, new product introductions, a new name, and staff reorganizations. With many of these major changes behind us, a positive book-to-bill ratio, and as we maximize the benefits our recent affiliation with Kontron Embedded Computers AG, we believe weve built a solid path for growth and success."
During the second quarter, the company announced a number of recent contracts with law enforcement agencies and the finalization of the company´s legal name change to Kontron Mobile Computing, Inc., from FieldWorks, Inc.
About Kontron Mobile Computing
A Minnesota corporation, Kontron Mobile Computing, Inc. (formerly FieldWorks, 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 Embedded Computers 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.
About Kontron Embedded Computers AG
Kontron Embedded Computers AG, Munich, Germany, is one of the worlds largest manufacturers of embedded computing solutions, supplying leading OEMs, systems integrators and application providers in the communications, automation and mobile markets.
The Kontron group of companies includes:
Kontron Mobile Computing, Inc. (formerly FieldWorks, Inc.), Eden Prairie, Minnesota (mobile computing competence center)
Teknor Applicom Inc, Montreal, Canada (communications competence center)
PEP Modular Computers GmbH, Kaufbeuren, Germany (automation competence center)
TMC Ltd., Taipei, Taiwan (operations center for Asia-Pacific region)
Kontron Embedded Computers AG is publicly traded on the German Neuer Markt stock exchange under symbol "KBC."