Telular: Solid Q3 Results, High-Yielding Dividend


Telular (WRLS) released its third fiscal year quarterly results on Thursday, July 28, 2011. The report was positive despite an expected decline in the Telguard subscriber base, discussed later in this article. Management increased cash guidance for fiscal year 2011 net income before non-cash items from $8.5-$9.5 million to $9.0-$9.5 million.

We’ll look at the financials, subscriber base, then summarize why Telular is attractive going forward.

Telular’s main business focus consists of the following segments:

Telguard: Provides primary and backup alarm communication solutions for residential, VoIP, small business, financial, commercial and fire system markets. These products transmit full data from virtually all security and fire systems to central stations using the
cellular network.

TankLink: Tank monitoring products offers solutions for M2M communications. Tank monitoring and automatic replenishment solutions help address the inventory management needs in the petroleum logistics, bulk chemicals and bio fuels industries.

Telular acquired SmarTank in January, 2011, adding to TankLink’s recurring revenue and operating cash flow margins. Financial details concerning the acquisition were discussed
in this article.
Click here to read the full article at SA

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