Latest News

EMRISE Comments on Recent Order Cancellation; Reconfirms 2011 Full-Year Revenue Guidance and Outlook for Profit in Second Half of This Year

DURHAM, N.C. July 18, 2011 EMRISE CORPORATION $1.2 million Carmine T. Oliva $33 to $35 million

$1 million $200,000

"Due to the long delivery lead-times associated with many of our defense orders," Oliva added, "it is difficult to completely offset the effects of such a cancellation in a short period of time.  Consequently, we now expect to record a loss in this year’s third quarter.  However, we have implemented an aggressive profit improvement program we believe can help minimize the impact of the cancellation, and we expect to meet our full-year revenue guidance and record a profit in this year’s fourth quarter, which will result in our being profitable for the second half of 2011."

"This is our first and only such cancellation of a defense order in over a decade, and notwithstanding this unfortunate and unexpected cancellation, our backlog of deliverable orders remains strong," Oliva said.

Near the end of this year’s second quarter, EMRISE and its customer agreed on the amount of cancellation charges due from the customer for cancelling the order.  The cancellation charges, which were paid in early July, offset the engineering expenses and inventory costs EMRISE had incurred on the order.

About EMRISE Corporation

North America Europe Asia the United States England France

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

$33 to $35 million December 31, 2010 March 31, 2011


Allen & Caron Inc

Brandi Festa

Rene Caron (investors) Len Hall (media)

Director Finance and Administration

(949) 474-4300

(408) 573-2705

[email protected]

[email protected]

[email protected]


Leave a comment

seks shop - izolasyon
basic theory test book basic theory test