LEUVEN, BELGIUM--(Marketwire - Oct 25, 2012) - Option (EURONEXT Brussels: OPTI; OTC:
OPNVY), a global leader in wireless connectivity, security and experience,
announced that during the third quarter of 2012 the Company generated
EUR 11.7 million compared to EUR 11.3 million in the third quarter of 2011.
Product related revenues represented 3.3 million EUR and software & license
revenues represented 8.4 million EUR of total third quarter 2012 revenues.
reported earlier, the license software agreement with Huawei runs till the
of October 2012, and as a result revenues from software & license are
to be impacted as of next quarter.
The Company reports a positive EBITDA of EUR 3.8 million for the third
During the quarter the Company continued to prepare the go-to-market
for its new line of products and services focused on vertical markets such
automotive (WiFi in the car) and wireless security & surveillance. Early
the Company launched another new product, CloudGate, aimed at a third
market being the M2M (machine-to-machine) market.
In order to support these go-to-market activities the Company announced, at
beginning of October, that it is looking at different options to strengthen
working capital via a cash injection of a minimum amount of 5 million euro
separate press release at www.option.com).
As part of the Company's ongoing efforts to reduce its cost-base it was
to close the Augsburg (Germany) facility and to move the software
Option, the wireless technology company, is a leading innovator in the
development and manufacture of 3G HSUPA, HSDPA, UMTS, EDGE, and WLAN
products for wireless connectivity solutions. Option has
impressive reputation for creating exciting products that enhance
performance and functionality of wireless communications.
headquartered in Leuven, Belgium. The company also has Research &
Belgium (Leuven), Germany (Augsburg) and an ISO 9001 production
logistics facility in Ireland (Cork). Option maintains offices in
Greater China and Japan. For more information please visit www.option.com.
Copyright ©2012 OPTION. All rights reserved. All product and company
herein may be (registered) trademarks or trade names.
Option trading update - derde kwartaal 2012:
Option trading update - third quarter 2012:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Option via Thomson Reuters ONE