DRI Corp. (Nasdaq: TBUS) is a digital communications technology leader in the domestic and international surface transportation and transit security markets. The company has a diverse portfolio of products, including TwinVision and Mobitech electronic designation sign system; Talking Bus voice announcement systems; Digital Recorders, an Internet-based passenger information and automatic vehicle tracking system; and VacTell, a video actionable intelligence system.
The company today announced its preliminary second quarter results, posting expectations of net sales of $19.4 million, up 30 percent for the same period last year, marking a record high for second quarter sales volume.
DRI’s products aid in transit vehicle tracking and monitoring, and aid operators in their goal to increase ridership and decrease fuel consumption. David L. Turney, chairman, president and CEO of DRI, said global transit market trends, high gas prices and high ridership support the company’s fiscal 2008.
“Our increased revenue and backlog in the second quarter of 2008 suggest that the plans we’ve made, implemented, and refined during the past few years are continuing to unfold in a positive manner. For the second quarter of 2008, we expect to exceed the revenues posted in the same period last year and also to exceed revenues from first quarter 2008. We also expect the second quarter of 2008 to be profitable,” Turney stated in the press release.
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