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EF Johnson Technologies Announces Third Quarter Results
Date:11/12/2009

IRVING, Texas, Nov. 12 /PRNewswire-FirstCall/ -- EF Johnson Technologies, Inc. (Nasdaq: EFJI), a leading provider of secure wireless communications solutions, today announced its results for the quarter ended September 30, 2009. Revenues were $24.4 million, gross margin was 34% and net loss was $1.6 million, or $(0.06) per diluted share, for the three months ended September 30, 2009.

"While we are pleased with our orders and contract awards, the third quarter revenue results were not as strong as expected due to three federal customer change requests received in the last two weeks of the quarter which did not allow us to ship certain orders as anticipated. These orders were delayed into the fourth quarter," said Michael E. Jalbert, chairman and chief executive officer.

"The third quarter was our strongest order quarter of the year, driving our ending backlog to $64 million," Jalbert added. These new orders and contracts support our ongoing strategy to expand our customer base and product portfolio. Additionally, quarter three was our strongest contract award period with four new multi-year contracts including:

  • a three year, sole source, statewide mobile radio contract with initial orders of $7.8 million;
  • a multi-year, indefinite delivery indefinite quantity contract valued at $8.6 million from the US Department of Defense for Project 25 compliant radio accessories, with an initial order of $0.5 million;
  • a new, multi-year wireless sensor network contract vehicle valued up to $21 million, with an initial base contract award of $4.8 million; and
  • a $3.3 million Statewide Hybrid Project 25 Trunked and Conventional First Responder Radio System."

Third quarter revenues of $24.4 million decreased $10.1 million as compared to last year's third quarter revenues of $34.5 mil
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SOURCE EF Johnson Technologies, Inc.
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