Targeted Strategies for Today's Evolving Markets

MissionIR Blog

Alanco Technologies Inc. (ALAN) Posts 40% Increase in Q4 Revenues, Spurred by “Unique Technical Achievements”

Advances in personal and asset tracking have set a high bar for tracking technology companies looking to stand out in the expanding market. Alanco Technologies Inc. (Nasdaq: ALAN) is a rapidly growing provider of wireless tracking and asset management solutions providing real-time tracking and unique technologies to remain a key player in the technology and data storage industry.

The unique focus of its subsidiaries, StarTrak Systems and Alanco/TSI PRISM, contributed to the company’s positive fourth-quarter financial results. Alanco posted unaudited sales revenues for the period ended June 30, 2008, at $4.7 million, up 40 percent from the same period last year.

The company anticipates accelerated sales growth and operating improvement for the first quarter of fiscal 2009, which began July 1, 2008. The company attributes this expectation to the current large contract backlog and increasing demand for StarTrak’s refrigerated transport monitoring services. The company expects total sales revenues to exceed $7.5 million for the first quarter with a near-breakeven operating result and positive EBITA.

StarTrak Systems provides GPS tracking and wireless asset management services for the refrigerated (reefer) segment of the transportation industry, designed to increase efficiency and reduce costs of the refrigerated supply chain. Alanco/TSI PRISM supplies Radio Frequency Identification (RFID) real-time tracking technologies for the corrections industry to keep tabs on the location and movement of inmates and officers, resulting in enhanced facility safety and security and significant staff productivity improvements.

“We continue to be on track for a complete turnaround in our new fiscal year 2009. TSI/PRISM has turned profitable, and is poised for extraordinary growth following years of patient investment, unique technical achievements and pioneering market development,” Robert R. Kauffman, chairman and CEO of Alanco stated in the press release. “StarTrak is realizing increased demand for its new Sentry product line, capitalizing upon a recently introduced fuel savings module providing immediate, significant fuel savings for reefer fleet operators. Along with expectation of record first quarter performance, we are confident that we can successfully execute our fiscal year 2009 turnaround plan.”

Let us hear your thoughts below:

This entry was posted in Small Cap News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *