Exhibit 99.1
 
Contact:
Randi Baldwin
Senior Vice President, Marketing
American Medical Alert Corporation
(516) 536-5850
 
AMERICAN MEDICAL ALERT CORPORATION REPORTS
YEAR END 2007 RESULTS
 
 
 
·
EBITDA for 2007 exceeds $7,400,000, representing a 23% increase over 2006.
 
·
Company balance sheet as of December 31, 2007 remains strong with working capital increasing to approximately $3.6 million and debt to equity ratio of .26 to 1.
 
·
Walgreens Ready Response program scheduled to expand to 6,200+ retail locations.

OCEANSIDE, New York. -March 25, 2008
- American Medical Alert Corp. (NASDAQ: AMAC) a provider of healthcare communication services and advanced telehealth monitoring technologies, today announced operating results for the quarter and year ended December 31, 2007.

Revenues for the quarter ended December 31, 2007, consisting primarily of monthly recurring revenues (MRR), increased 15% to $9,271,953 as compared to $8,063,200 for the same period in 2006. Net income for the quarter ended December 31, 2007 decreased 31% to $317,335 or $.03 per diluted share as compared to $458,565 or $.05 per diluted share for the same period in 2006. The decrease is primarily the result of initial costs associated with the implementing of Sarbanes Oxley 404 compliance program and certain relocation and training start up costs related to our new Clovis, New Mexico facility. The Company is working with the State of New Mexico’s economic development department to secure incentives to help offset certain of these aforementioned relocation and training costs.
 
Revenues for the year ended December 31, 2007 increased 16% to $35,645,265, as compared to $30,794,388 for the same period in 2006. Net income increased 20% to $1,514,232 or $0.16 per diluted share as compared to a net income of $1,262,529 or $0.13 per diluted share for the previous year.
 
The Company’s revenue for the year ended December 31, 2007 exceeded the Company’s guidance for 2007. The Company projected that gross revenues, consisting primarily of monthly recurring revenue (MRR), would increase by 15% to $35,250,000. The Company’s net income was in line with the Company’s guidance for 2007. The Company had projected net income of $1,500,000 for the year ending December 31, 2007.
 
Earnings before interest, taxes and depreciation and amortization (“EBITDA”) for the year ended December 31, 2007 increased 23% to $7,443,516 as compared to $6,041,404 for the same period in 2006.
 
The Company continues to demonstrate increasing financial strength within its balance sheet as reflected by its improved working capital position and debt to equity ratio. The Company’s working capital increased to $3,601,469 at December 31, 2007, as compared to $3,187,963 at December 31, 2006. The Company’s debt to equity ratio was .26 to 1 at December 31, 2007 as compared to .34 to 1 at December 31, 2006.
 

The following information was filed by American Medical Alert Corp (AMAC) on Tuesday, March 25, 2008 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate American Medical Alert Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by American Medical Alert Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account