Key Developments For Planar Systems Inc
Planar Systems Inc (PLNR.O) (Consolidated Issue listed on NASDAQ Global Market)
Planar Systems, Inc. Issues Q1 2010 Outlook; Issues FY 2010 Revenue Outlook Above Analysts' Estimates; Comments On H1, H2 2010 Outlook
Planar Systems, Inc. announced that for the first quarter of 2010, it expects revenue of approximately $40 million, EBITDA of a slight loss to breakeven, and a non-GAAP loss between $0.05 and $0.10 per share. The Company expects increased sales in fiscal 2010 compared to fiscal 2009, with a similar pattern to fiscal 2009 in terms of the expectation for higher revenues and profits in the second half of fiscal 2010 than in the first half. The Company reported sales of $174.9 million in fiscal 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $174 million for fiscal 2010.
Planar Systems, Inc. Comments On Q4 2009 And FY 2010 Outlook
Planar Systems, Inc. announced that for fourth quarter of 2009, it expects it will experience similar levels of revenue compared to the third quarter of 2009 which should result in positive non-GAAP earnings and EBITDA. For fiscal 2010, it expects sales, non-GAAP profitability and EBITDA will improve. According to Reuters Estimates, analysts were expecting the Company to report revenues of $37.8 million for fourth quarter of 2009 and revenues of $161 million for fiscal 2010.
Planar Systems, Inc. Introduces Clarity Matrix LCD Video Wall System
Planar Systems, Inc. announced that it has introduced its Clarity Matrix LCD Video Wall System that supports mission-critical operation and requires minimal installation space, making it ideal for use in public venue or control room video walls. By combining streamlined, narrow-bezel LCD panels, centralized outboard electronics and simplified configuration and management software, the Clarity Matrix system is designed to make the most of LCD technology's slim profile and vibrant visual performance while easing the difficulties in achieving perfect alignment, optimal cooling, simplified service and extended operation.
Planar Systems, Inc. Comments On Q3 2009 Revenue Outlook; Issues Q3 2009 Earnings Outlook Above Analysts' Estimates
Planar Systems, Inc. announced that it expects to experience some sequential revenue growth and small profit improvement in the third quarter of 2009. The Company reported revenue of $36.5 million and non-GAAP basis loss per share of $0.06 in the second quarter of 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report non-GAAP loss per share of $0.06 on revenue of $48 million for the third quarter of 2009.
Planar Systems, Inc.'s Thin Film Electroluminescent Display Glass Selected by Jetronic for China Market
Planar Systems, Inc. announced that its thin film electroluminescent (TFEL) display technology will be incorporated in industrial products manufactured by Jetronic Technology for the domestic China market, as well as in a product manufactured by a U.S. company specializing in public safety products.
