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Telit Communications PLC Ord1P (TCM)

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24-Mar-2021 09:08 AM

Telit Communications profit falls as pandemic hits sales

Internet of things investor Telit Communications posted an 87% slump in annual profit, as the pandemic hit customer demand and it cycled a gain on the sale of its automotive unit in the previous year. Pre-tax profit for the year through December dropped
20-Nov-2020 07:52 AM

Telit receives merger proposal from Swiss semiconductor group

Technology company Telit Communications has received a merger offer from Swiss firm u-blox. The proposed deal valued Telit at £2.50 a share, or approximately £332.6 million, and would result in Telit shareholders owning 53% of the combined co
10-Nov-2020 09:39 AM

Telit Communications' adjusted EBITDA and profit in cash 'in line with board expectations'

Telit Communications has announced its adjusted EBITDA and profit in cash for the nine months to 30 September 2020 and year to date continue to be in line with the Board's expectations, according to a trading update. Total revenues for the nine mont
17-Mar-2020 09:33 AM

Telit Communications swings to profit after selling auto business

Internet of things investor Telit Communications swung to a full-year profit after it booked a gain on the sale of its auto division. Pre-tax profit for the year through December amounted to $59.9m, compared to losses of $39.8m on-year. Revenue fell to
06-Mar-2020 02:41 PM

Telit Communications seeing 'minimal impact' from coronavirus

Internet of things investor Telit Communications said it was seeing 'minimal impact' from the coronavirus and had confidence in meeting its expectations for the 2020 calendar year. 'Telit's global supply chain is comprised of multiple
14-Jan-2020 09:58 AM

Telit Communications forecasts improvement in underlying earnings

Internet of things investor Telit Communications said it expected to post a 7.8% rise in annual and higher earnings, excluding contributions from an automotive business sold in February. Revenue from continuing operations for the year through December wa
12-Nov-2019 07:55 AM

Telit Communications sees slight earnings beat in year-to-date

Internet of Things company investor Telit Communications said its underlying revenue had grown in the year-to-date, while adjusted earnings had been slightly ahead of its expectations. The company said its revenue for the nine months through September, e
09-Sep-2019 07:41 AM

Telit Communications swings to profit after automotive asset sale

Internet of Things company investor Telit Communications swung to a first-half profit after falling sales were offset by lower spending on R&D and marketing. Pre-tax profit for the six months through June amounted to $58.1m, compared to a $12.8m on-year
17-Jul-2019 07:40 AM

Telit Communications sees swing to profit after sale of automotive unit

Internet of Things investor Telit Communications said it expected to report a fall in first-half revenue, but a swing to profit, after it sold its automotive business. Revenue for the six months through June was seen falling to $189.5m, down from $201.7m
16-Apr-2019 09:16 AM

Telit Communications books annual loss as expenses weigh

Internet of Things investor Telit Communications booked an annual loss after rising revenue was more than offset by R&D, marketing and other expenses. Pre-tax losses for the year through December amounted to $39.8m, compared to losses of $56.8m booked on
15-Jan-2019 09:53 AM

Telit Communications sees revenue at top end of guidance; earnings in line

Internet of things investor Telit Communications said it expected to post annual revenue at the top end of previous guidance, while operating earnings would meet expectations. Revenue for the year through December was expected to grow 14% to around $427
04-Sep-2018 09:30 AM

Telit Communications losses almost double as margins contract

Internet of Things group Telit Communications said its first-half losses almost doubled as margins slumped. Pre-tax losses for the six months through June amounted to $12.8m, compared to a losses of $6.7m on-year. Revenue rose 14% to $201.7, though gros
12-Jul-2018 07:25 AM

Telit announces tie-up with IBM

Telit Communications, a global enabler of the Internet of Things (IoT), announced that its deviceWISE IoT platform is now fully interoperable with the IBM IoT platform, including a new reseller agreement that enables manufacturers and other industrial bus
11-Jul-2018 08:18 AM

Telit Communications sees first-half revenue rising 13%, margins stabilising

Internet of Things company Telit Communications said it expected to post a 13% rise in first-half revenue, with margins stabilising. Revenue for the six months through June was expected to rise to around $201m, with a contribution from Telit's conne
13-Mar-2018 09:53 AM

Telit Communications downgrades guidance, renegotiates banking covenants

Telit Communications downgraded its annual earnings guidance and renegotiated the terms of its loans, amid component shortages and higher R&D spending. The Internet of Things company said it had decided to adopt a more conservative approach with respect
18-Dec-2017 08:20 AM

Broker Forecast - RBC Capital Markets issues a broker note on Telit Communications PLC

RBC Capital Markets today reaffirms its sector performer investment rating on Telit Communications PLC (LON:TCM) and cut its price target to 170p (from 180p). Story provided by StockMarketWire.com...
15-Dec-2017 08:33 AM

Telit Communications to take $25m charge

Telit Communications said it expected to incur exceptional charges of around $25m during the current financial year and was in talks with its lender over potential breaches of its debt covenants. The charges comprise $16m of non-cash write downs relating
23-Nov-2017 09:40 AM

Telit EBITDA to be materially below guidance

Telit Communications has warned that its adjusted EBITDA for the year will be materially below guidance. It said pressure on gross profit margins stemming from the transition from 2G and CDMA products (mature technologies with higher gross profit margins
02-Nov-2017 01:30 PM

Telit responds to press speculation over FCA investigation

Telit Communications has confirmed that it is aware of press speculation regarding the Financial Conduct Authority (FCA) conducting an investigation into the Company. Telit said it wrote to the FCA in August requesting the FCA look into various matters w
14-Aug-2017 08:28 AM

Telit Communications confirms CEO resignation

Telit Communications (TCM) has confirmed the resignation of its chief executive Oozi Cats. An independent review found that an indictment was issued against Cats in the US and that this fact was knowingly withheld from advisers. Yosi Fait will continu
10-Aug-2017 10:00 AM

Broker Forecast - RBC Capital Markets issues a broker note on Telit Communications PLC

RBC Capital Markets today reaffirms its outperform investment rating on Telit Communications PLC (LON:TCM) and cut its price target to 225p (from 300p). Story provided by StockMarketWire.com...
09-Aug-2017 09:53 AM

Telit CEO takes leave of absence pending investigation

Telit Communications' chief executive Oozi Cats has taken a leave of absence after speculation rose about his historical indictments in the US. The company said the matters are unrelated to Telit and significantly pre-date its establishment. Telit
08-Aug-2017 12:10 PM

Broker Forecast - Morgan Stanley issues a broker note on Telit Communications PLC

Morgan Stanley today reaffirms its overweight investment rating on Telit Communications PLC (LON:TCM) and cut its price target to 269p (from 350p). Story provided by StockMarketWire.com...
07-Aug-2017 08:40 AM

Telit Communications swings to loss

Technology company Telit Communications (TCM) swung to a loss before tax of $6.7 million in the first half, from a profit of $4.7 million a year earlier. Revenues rose by 6.9% to $177.6 million. The gross margin slipped to 39.2% from 40.1%. The compan
11-Jul-2017 01:50 PM

Telit sets date of H1 results announcement

Telit Communications has confirmed that the Company will be announcing its half year results for the six months to 30 June on Monday, 7 August. At 1:50pm: (LON:TCM) Telit Communications PLC share price was -3.5p at 283.5p Story provided by StockMar
 
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