Key Developments: LoJack Corp (LOJN.OQ)
3.36USD
2 Aug 2013
$0.06 (+1.82%)
$3.30
$3.23
$3.36
$3.23
653
5,017
$3.60
$1.78
Latest Key Developments (Source: Significant Developments)
LoJack Corp Reaffirms FY 2013 Guidance
LoJack Corp announced that for fiscal 2013, it continues to expect consolidated revenue will increase approximately 10% over fiscal 2012, and that adjusted EBITDA will be in the range of 3 to 7% of consolidated revenue for fiscal 2013. Full Article
LoJack Corp's LoJack Canada And Sym-Tech Inc Announces Agreement To Sell And Promote Products
LoJack Corp's subsidiary, LoJack Canada announced that it has reached an agreement with Sym-Tech Inc., a F&I partner to automotive dealerships across Canada. Sym-Tech will sell and market the LoJack Stolen Vehicle Recovery and Early Warning Systems to authorized car dealerships throughout the province of Ontario. LoJack Canada will provide training for Sym-Tech representatives on the various LoJack System offerings and potential dealership presentations. Full Article
LoJack Corp Comments On FY 2013 Guidance-Conference Call
LoJack Corp announced that for fiscal 2013, it expects that consolidated revenue will increase approximately 10% over fiscal 2012, and that adjusted EBITDA will be 3%-7% of consolidated revenue for fiscal 2013. Full Article
LoJack Corp And TomTom Form Strategic Alliance To Combine Fleet Management And Vehicle Protection Services
LoJack Corp announced that it has entered into a strategic alliance with TomTom, Inc., the supplier of location and navigation products and services. Through this alliance, LoJack will offer fleet telematics solutions beginning in the first quarter of 2013 to small and medium business owners, commercial fleets, automotive dealerships and law enforcement agencies. In the second half of the year, LoJack plans to deliver additional solutions for automotive dealerships and consumers. LoJack will market, install and service a range of TomTom Business Solutions products and services, including SaaS fleet management service - WEBFLEET. The LoJack offering will provide business owners the opportunity to use GPS/GSM technology to address higher fuel costs, optimize routing with real-time traffic data, and address unsafe driving behavior with WEBFLEET. These services allow business owners the opportunity to operate their vehicles more efficiently and profitably, while providing increased asset protection, greater customer service and employee satisfaction. The two organizations will also integrate TomTom's hardware, software, back-end data and SaaS services with LoJack's Stolen Vehicle Recovery Network technology. Full Article
LoJack Corp Enters Agreement With Galpin Ford
LoJack Corp announced that it has entered into an agreement with Galpin Ford, the Ford dealership for 22 consecutive years, to install the LoJack Stolen Vehicle Recovery System on Galpin's fleet of vehicles. This is the largest agreement of its kind that LoJack Corporation has established with a single dealer and represents a strategic direction the company is taking with top-flight dealerships like Galpin Ford. Full Article
LoJack Corp Adjusts FY 2012 Revenue Guidance
LoJack Corp announced that based on current business and market conditions, the Company expects fiscal 2012 consolidated revenues will be between $132 million and $134 million. Full Article
LoJack Corp Announces Settlement Agreement In California Class Action Litigations
LoJack Corp announced that it has reached a settlement agreement involving the remaining claims in the two California wage-and-hour class action lawsuits against the Company. Under the terms of the settlement agreement, which is subject to approval of the Superior Court of California for Los Angeles County, the Company has agreed to pay up to $8.1 million, including plaintiffs' attorneys' potential fees and costs, to resolve all remaining California state class action claims. The Company previously disclosed that it estimated the range of possible loss with respect to the state court case to be between $970,000 and $30 million. Full Article
LoJack Corporation Reiterates FY 2012 Revenue Guidance
LoJack Corporation reiterated its guidance that its consolidated revenues for fiscal 2012 will increase 3% to 7% over fiscal 2011 levels. Full Article
LoJack Corporation Reaffirms FY 2012 Revenue Guidance
LoJack Corporation announced that it expect fiscal 2012 consolidated revenues to increase 3% to 7% over fiscal 2011 levels. Full Article
LoJack Corporation Comments On FY 2012 Guidance-Conference Call
LoJack Corporation announced that it expect consolidated revenues for fiscal 2012 will increase 3% to 7% over fiscal 2011 levels with domestic revenue growing for the year and positioning as well for continued future growth, while expect international revenues will decline in the short term and remain quite lumpy quarter over quarter during 2012. The Company expect adjusted EBITDA as a percentage of revenue for fiscal 2012 will be generally consistent with what achieved in 2011. Full Article

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