DALLAS, Dec. 10, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring EF Johnson Technologies Inc. (Nasdaq:EFJI). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/EFJI
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EF Johnson Technologies Inc. (EFJI) is a provider of secure wireless communications solutions. The Company designs, develops, markets and support wireless communications, including wireless radios and wireless communications infrastructure and systems for digital and analog platforms, and secure wireless networking solutions that include Wireless-Fidelity (Wi-Fi) products, mesh networking, access points, bridges and client products. In addition, it offers encryption technologies for wireless voice, video and data communications. The Company provides its products and services to domestic and foreign public safety/public service entities, federal, state and local governmental agencies, including the Departments of Homeland Security and Defense, and domestic and foreign commercial customers.
Message Board Search for EFJI: http://www.boardcentral.com/boards/EFJI
In the report, the analyst notes:
"Revenues were $24.4 million, gross margin was 34% and net loss was $1.6 million, or $(0.06) per diluted share, for the three months ended September 30, 2009. Third-quarter revenues decreased $10.1 million as compared to last year's third-quarter revenues of $34.5 million. Gross profit decreased $4.6 million to $8.2 million in the three months ended September 30, 2009, from $12.9 million for the same period in 2008. Gross profit as a percentage of revenues was 34% for the three months ended September 30, 2009, versus 37% for the same period a year ago.
"EFJI recently announced that it has been named as one of several contractors under a contract issued by the U.S. Internal Revenue Service (IRS). The contract is an indefinite delivery/indefinite quantity (ID/IQ) contract that allows various federal government agencies to purchase P25 digital two-way radios and related equipment from time to time from a select group of companies, including EF Johnson Technologies Inc. The maximum total value of the five-year contract is $750 million; however, the contract does not specify purchase dates or quantities of equipment from any specific contractor."
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