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  • Fourth Quarter Financial Results For Telular Corporation (WRLS) 1 comment
    Nov 26, 2010 1:47 PM | about stocks: WRLS

     Telular Corporation (NASDAQ:WRLS), a global leader in connecting businesses and machines over wireless networks, announced the declaration of a special one-time cash dividend of $1.00 per share on its common stock, payable November 22, 2010, to shareholders of record at the close of business on November 15, 2010.

    Telular Corporation (WRLS) shares are seeing a huge rally following the announcement of fourth-quarter financial results. Shares were up 44.44% to $5.85, at last check, on above average volume of 1.18 million. The stock touched a 52-week high of $6.12 today. It has a 52-week range of $2.33-$6.12.

    The company reported its fourth quarter financial results 2010, with net revenues at $12.0 million and for fiscal year 2010 of $47.4 million as compared to $12.2 million and $47.2 million in fourth quarter 2010 and fiscal year 2009 respectively. The total recurring service revenue was up 17% year-over-year to $7.2 million. The net income before non-cash items reported was $2.0 million compared to $1.9 million in the previous year.

    Telular Corporation (WRLS) designs, develops and distributes products and services that utilize wireless networks to provide data and voice connectivity among people and machines. Telular’s product and service offerings develop cellular networking electronics with the data transport capabilities of commercial wireless networks in order to create information networking solutions.

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    Disclosure: "No Positions"
    Stocks: WRLS
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  • David Klein
    , contributor
    Comments (680) | Send Message
    I've followed Telular for a while and posted some thoughts on my blog after earnings. Telular is more of an alarm company today since they discontinued there fixed wireless terminal segment and started the TankLink segment which is tank monitoring and automatic replenishment solutions helping to address the inventory mangement needs in the petroleum logistics, bulk chemicals and bio fuels industries


    Here is a summary on my take for the recent earnings report:


    They still have $4.7 million remaining in the stock repurchase program but given the commencement of a dividend its doubtful they will aggressively buy back shares until cash levels increase significantly after the dividend is paid IMO.


    So what does this mean as far as an investment? The stock is a buy IMO and here is why:
    1. Management projected fiscal year 2011 net income before non-cash items of $8.0 to $9.0 million, this cash flow generation more than covers anticipated $6.0 million of annualized, regular dividends, while still providing surplus cash for corporate development activities.
    2. Commencement of an annual dividend of $0.40 per share yielding 7+%. This yield should attract value investors.
    3. Management appears to be conservative, very focused on costs and shareholder friendly, probably the best management team Telular has had since its inception. The dividend implies high confidence by management going forward.
    4. Sustained growth going forward although not large. High margins in the recurring revenue segments that may exceed 60% going forward. There is potential in the M2M market which could drive growth higher but has yet to be realized.
    5. Pristine balance sheet, no debt and excellent cash flow generation.


    There is an updated model is at:
    and an excel 2010 xlsm version which allows some user input is can be downloaded from the bottom of the following web page:
    26 Nov 2010, 08:00 PM Reply Like
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