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Exhibit 99.1
NEWS RELEASE |
|
FOR IMMEDIATE RELEASE |
FOR IMMEDIATE RELEASE
@ROAD REPORTS SECOND QUARTER RESULTS
Meets Consensus Estimates and Expects Fourth Quarter GAAP Profitability
FREMONT, Calif. — July 28, 2005 — @Road®, Inc. (Nasdaq: ARDI), a global provider of Mobile Resource Management (MRM) and intelligent field service automation solutions, today announced its results for the quarter and six months ended June 30, 2005.
Total revenues for the second quarter of 2005 were $20.6 million, a 13% increase compared to $18.3 million for the second quarter of 2004. Hosted revenues for the second quarter of 2005 were $19.7 million, and licensed revenues for the second quarter of 2005 were $0.9 million.
Net loss attributable to common stockholders for the second quarter of 2005 was $1.1 million, or a loss of $0.02 per diluted share, compared to net income of $1.1 million, or net income of $0.02 per diluted share, for the second quarter of 2004. Included in the results for the second quarter 2005 were a benefit from income taxes of $3.2 million, $1.0 million in intangibles amortization associated with the VidusTM Limited acquisition and $0.6 million in depreciation.
For the six months ended June 30, 2005, total revenues were $40.6 million, a 12% increase compared to the $36.2 million the same period last year. Hosted revenues for the first six months were $39.2 million, and licensed revenues for the first six months were $1.4 million. Net loss attributable to common stockholders for the first six months of 2005 was $8.5 million, or a loss of $0.14 per diluted share, compared to net income of $4.2 million, or net income of $0.07 per diluted share, for the first six months of 2004. Included in the results for the first six months of 2005 were the operations of Vidus from the February 18, 2005 closing date, as well as $5.6 million in one-time in-process research and
The following information was filed by Road, Inc on Thursday, July 28, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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1109537 Quarterly Reports
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10-Q Quarterly Report August 2005
