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Road, Inc (1109537) SEC Filing 10-Q Quarterly report for the period ending Friday, September 30, 2005

Road, Inc

CIK: 1109537

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

 

@ROAD REPORTS RECORD THIRD QUARTER REVENUES

 

Sequential Revenue Increases 21%; Company Raises Fourth Quarter Guidance

 

 

FREMONT, Calif. — October 27, 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 nine months ended September 30, 2005.

 

Total revenues for the third quarter of 2005 were $25.0 million, a 31% increase compared to $19.1 million for the third quarter of 2004.  Hosted revenues for the third quarter of 2005 were $19.0 million, and licensed revenues for the third quarter of 2005 were $6.0 million.

 

Net income attributable to common stockholders for the third quarter of 2005 was $33.4 million, or $0.54 per diluted share, compared to net income of $2.9 million, or $0.05 per diluted share, for the third quarter of 2004.  Included in the results for the third quarter 2005 were $34.2 million in a benefit from income taxes, $1.0 million in intangibles amortization associated with the VidusTM Limited acquisition and $0.7 million in depreciation.

 

For the nine months ended September 30, 2005, total revenues were $65.6 million, a 19% increase compared to the $55.3 million for the same period last year.   Hosted revenues for the first nine months were $58.1 million, and licensed revenues for the first nine months were $7.4 million.  Net income attributable to common stockholders for the first nine months of 2005 was $24.9 million, or $0.41 per diluted share, compared to net income of $7.1 million, or $0.12 per diluted share, for the first nine months of 2004.  Included in the results for the first nine months of 2005 were the operations of Vidus


The following information was filed by Road, Inc on Thursday, October 27, 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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SEC Filing Tools
CIK: 1109537
Form Type: 10-Q Quarterly Report
Accession Number: 0001104659-05-053570
Submitted to the SEC: Tue Nov 08 2005 4:59:19 PM EST
Accepted by the SEC: Tue Nov 08 2005
Period: Friday, September 30, 2005
Industry: Computer Integrated Systems Design

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