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As of 8:10 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

lattice inc (LTTC) Snapshot

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03/11/14 - $0.26
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11/5/14 - $0.06
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lattice inc (LTTC) Details

Lattice Incorporated provides telecommunications services to correctional facilities and specialized service providers in the United States. The company’s products and services include Nexus Call Control systems that offer call control and management tools for investigation and law enforcement in the inmate telephone control industry. It also offers transaction based services to other service providers for providing telecommunication services to facilities that require secure call management solution; and correctional facilities with a call control service that enables inmates to make phone calls while providing the security and investigative features required in correctional facilities. In addition, it provides communication services; and engineering services to other technology companies and government agencies, as well as sells or licenses its proprietary technology. The company was formerly known as Science Dynamics Corporation and changed its name to Lattice Incorporated in February 2007. Lattice Incorporated was founded in 1973 and is based in Pennsauken, New Jersey.

26 Employees
Last Reported Date: 03/31/14
Founded in 1973

lattice inc (LTTC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $250.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2013.

lattice inc (LTTC) Key Developments

Osage County Chooses LattiLattice Incorporated's ICON Platform for 186-Bed Jail

Lattice Incorporated signed a new contract to install its Integrated Corrections Operating Network platform at Osage County Jail, in Pawhuska, Oklahoma. This latest ICON installation at the 186-bed Osage County Jail includes the company's new kiosk system, and the installation is expected to be completed in December 2014.

Lattice Incorporated Announces Earnings Results for the Third Quarter of 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Lattice Incorporated announced earnings results for the third quarter of 2014. For the quarter, the company reported that its total revenues decreased 7% from prior year to $2 million from $2.2 million. It had an adjusted operating loss of $211,000, which compares to income of $203,000 in the prior year quarter. Adjusted operating loss adds back to a reported operating loss of $492,000. Factors contributing to the adjusted operating loss included the timing of revenue recognition on technology projects; an increase in SG&A cost, which included nonrecurring cash-based expenses of approximately $100,000; and a decline in gross profit contribution from the wholesale expirations. On a pro forma non-GAAP basis, the company's adjusted operating loss would pro forma to approximately $100,000. For the fourth quarter, the deferral of software revenue combined with Fourth Quarter technology shift expected to result in a positive adjusted operating result. For the year 2014, the company expects to track to prior guidance of a blended gross margin in the high 30% to low 40% range.

Lattice Incorporated Announces Revenue Results for the Third Quarter Ended September 30, 2014

Lattice Incorporated announced revenue results for the third quarter ended September 30, 2014. For the quarter, the company's total revenue decreased 7% to $2.0 million, compared to $2.2 million in the third quarter of 2013.


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