PCTEL, Inc. (NASDAQ: PCTI), a leader in simplifying wireless and site
solutions for private and public networks, announced its 2012 annual and
fourth quarter results.
Fourth Quarter and Annual Highlights
The Company also is providing and expanding upon guidance for the 2013
first quarter and annual revenue during their conference call. At this
time, the Company anticipates revenue between $24.5 and $25.0 million
for the quarter ending March 31, 2013 and between $100 and $104 million
for the year.
"Our operating results reflect strong antenna sales into our vertical
markets and the positive impact of acquired products and revenue," said
Marty Singer, Chairman and CEO of PCTEL. "We anticipate that TD-LTE, the
success of our MX and new EX-Flex product line, the growth of our
in-building engineering services, and continued vertical market growth
for antennas solutions, will ignite strong, overall revenue growth in
2013," added Singer.
CONFERENCE CALL / WEBCAST
PCTEL's management team will discuss the Company's results today at 5:00
PM ET. The call can be accessed by dialing (877) 734-5369 (U.S. /
Canada) or (706) 679-6397 (International), conference ID: 99012641.
The call will also be webcast at http://investor.pctel.com/events.cfm.
REPLAY: A replay will be available for two weeks after the call on
either the website listed above or by calling (855) 859-2056
(U.S./Canada), or International (404) 537-3406, conference ID: 99012641.
PCTEL, Inc. (NASDAQ: PCTI), develops antenna, scanning receiver, and
engineered site solutions and services for public and private networks.
PCTEL RF Solutions specializes in the design, optimization and testing
of today's wireless communication networks. The company's SeeGull®
scanning receivers, SeeHawk® visualization tool, and Clarify® system,
measure and analyze wireless signals for efficient cellular network
planning, deployment, and optimization. PCTEL develops and supports
scanning receivers for LTE, TD-LTE, EV-DO, CDMA, WCDMA, TD-SCDMA, GSM,
and WiMAX networks. PCTEL Secure, which is part of RF Solutions, focuses
on Android mobile platform security.
PCTEL Connected Solutions™ simplifies network deployment for wireless,
data and communications applications for private network, public safety,
and government customers. PCTEL Connected Solutions develops and
delivers high-value YAGI, Land Mobile Radio, WiFi, GPS, In-Tunnel,
Subway, and broadband antennas (parabolic and flat panel) through its
MAXRAD®, Bluewave™ and Wi-Sys™ product lines. PCTEL also designs
specialized towers, enclosures, fiber optic panels, and fiber jumper
cables to deliver custom engineered site solutions. The company's
vertical markets include SCADA, Health Care, Smart Grid, Positive Train
Control, Precision Agriculture, Indoor Wireless, Telemetry, Off-loading,
and Wireless Backhaul. PCTEL's products are sold worldwide through
direct and indirect channels. For more information, please visit the
company's web sites www.pctel.com,
PCTEL Safe Harbor Statement
This press release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. Specifically, the
statements regarding the continued vertical market growth of PCTEL's
antenna solutions, the anticipated success of TD-LTE, MX and the new
EX-Flex product line, and the growth of the Company's in-building
engineering services business, resulting in overall revenue growth in
2013, are forward-looking statements within the meaning of the safe
harbor. These statements are based on management's current expectations
and actual results may differ materially from those projected as a
result of certain risks and uncertainties, including the ability to
successfully grow the wireless products business and the ability to
implement new technologies and obtain protection for the related
intellectual property. These and other risks and uncertainties are
detailed in PCTEL's Securities and Exchange Commission filings. These
forward-looking statements are made only as of the date hereof, and
PCTEL disclaims any obligation to update or revise the information
contained in any forward-looking statement, whether as a result of new
information, future events or otherwise.
Reconciliation GAAP To non-GAAP Results
Of Operations (unaudited)
Reconciliation of GAAP operating income
to non-GAAP operating income (a)
Reconciliation of GAAP net income to
non-GAAP net income (b)
This schedule reconciles the Company's GAAP operating income and
GAAP net income to its non-GAAP operating income and non-GAAP net
income. The Company believes that presentation of this schedule
provides meaningful supplemental information to both management
and investors that is indicative of the Company's core operating
results and facilitates comparison of operating results across
reporting periods. The Company uses these non-GAAP measures when
evaluating its financial results as well as for internal planning
and forecasting purposes. These non-GAAP measures should not be
viewed as a substitute for the Company's GAAP results.
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