Pointer Telocation Reports Results for the Full Year and the Fourth Quarter of 2018

Rosh HaAyin, Israel, February 28, 2019. Pointer Telocation Ltd. (Nasdaq: PNTR; TASE: PNTR), a leading provider of telematic services and technology solutions for Fleet Management, Mobile Asset Management and Internet of Vehicles, announced its financial results for full year and fourth quarter ended December 31, 2018.

 

Financial Highlights for Full Year of 2018 Compared to Full Year of 2017

  • Total revenues of $77.8 million, similar as in previous year and up 5% on a constant currency basis
  • Service revenues of $52.5 million, up 1% as reported and up 9% on a constant currency basis
  • Operating income of $9.8 million (13% of revenue), down 5%
  • Net income of $6.9 million, down from $16.5 million. 2017 net income included $9.2 million onetime income resulting from the realization of
    a deferred tax asset
  • Non-GAAP net income of $9.6 million, up 2%
  • Adjusted EBITDA of $13.6 million same as in 2017
  • Cash, net of debt, totaled $3.5 million. Generated $8.6 million in operating cash flow during the year
  • Total subscribers reached 276,000, an increase of 7%

 

Financial Highlights for Fourth Quarter 2018 Compared to Fourth Quarter 2017

  • Total revenues of $18.4 million as reported, down from $18.9 million as reported, up 8% on a constant currency basis
  • Service revenues of $12.7 million, down from $13.4 million as reported, up 8% on a constant currency basis
  • Operating income of $2.0 million (11% of revenue), down 15%
  • Net income of $1.4 million, down from $11.1 million. Fourth quarter 2017 net income included $9.2 million onetime income resulting from the
    realization of a deferred tax asset
  • Non-GAAP net income of $2.1 million, down 5%
  • Adjusted EBITDA of $3.0 million, down 5%

 

You can fined the complete release here