Businessweek

TeleCommunication Systems Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s total revenue was $94,794,000 compared to $100,035,000 for the same period a year ago. Income from operations was $608,000 compared to $1,043,000 for the same period a year ago. Loss before income taxes was $1,628,000 compared to $683,000 for the same period a year ago. Net loss was $829,000 or $0.01 per diluted share compared to $369,000 or $0.01 per diluted share for the same period a year ago. EBITDA was $9,464,000 compared to $11,461,000 for the same period a year ago. Adjusted net income was $2,065,000 or $0.04 per diluted share compared to $3,192,000 or $0.06 per diluted share for the same period a year ago. Capital expenditures including software development were $3.4 million. The company announced that the first quarter came in about as it expected with government budget issues affecting the funding for communications technology, work in state, local and federal governments for the first half of 2013. The company announced that no changes were made to its previously issued 2013 guidance for revenue, a range of $450 million to $475 million or for EBITDA, a range of $46 million to $50 million. The company continues to expect back half loaded seasonality in 2013 as in 2012. The company now expects adjusted net income for full year 2013 to be in the $14 million to $18 range or $0.23 to $0.30 per diluted shares using 60 million shares. The company continues to expect full year 2013 investment and company-wide capital expenditures including capitalized software development of $20 million to $25 million. And expects overall effective tax rate to increase to about 60% because of lower deductible original issue discount amortization that was associated with the 2009 convertible notes.

TeleCommunication Systems Inc. announced that it has received funding of $4 million from the U.S. Army for satellite modems. The U.S. Army Project Manager for the Warfighter Information Network - Tactical (PM WIN-T) Commercial Satellite Terminal Program is funding this procurement through the Army's $5 billion World-Wide Satellite Systems (WWSS) contract vehicle.

TeleCommunication Systems Inc., Q1 2013 Earnings Call, May 02, 2013

TeleCommunication Systems Inc. announced that they will report Q1, 2013 results After-Market on May 02, 2013

TeleCommunication Systems Inc. Presents at JMP 12th Annual Research Conference, May-15-2013 01:30 PM. Venue: The Ritz-Carlton, San Francisco, 600 Stockton Street, San Francisco, CA 94108, United States.