This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

DynaVox Reports Fourth Quarter And Fiscal Year 2010 Results

Aggregated gross profit for the fourth quarter increased 11.0% to $25.2 million, compared to gross profit of $22.7 million in the fourth quarter of the prior year. The Company's aggregated gross profit margin increased 150 basis points to 76.1% in the fourth quarter, compared to a gross profit margin of 74.6% in the fourth quarter of the prior year. The improvement in gross margin was primarily the result of a more favorable speech generating device product mix as well as a higher percentage of sales from software.

Aggregated operating income was $8.0 million in the fourth quarter of 2010, compared to operating income of $9.2 million in the same period a year ago. The fourth quarter of 2010 operating income reflects approximately $1.7 million of equity-based compensation expense, for which expense recognition was accelerated into the fourth quarter of 2010 as a result of the IPO, and approximately $0.5 million of public company related expenses not present in the prior year fourth quarter. Operating expenses also increased from the prior year due to continued investment in sales & marketing and research & development resources. As noted above, the prior year fourth quarter operating income includes $0.7 million of estimated additional operating income as a result of the extra week of sales.

GAAP net income for DynaVox Inc. was $1.0 million, or $0.10 per diluted share, for the period April 28, 2010 through July 2, 2010. For the period April 3, 2010 through April 27, 2010 DynaVox Systems Holdings LLC reported a GAAP net loss of $1.1 million.

Adjusted pro forma net income and adjusted pro forma net income per share, as defined below, were $2.8 million, or $0.09 per diluted share for the fourth quarter, and included $2.1 million of after-tax expenses related to the early retirement of debt from the IPO proceeds, acquisition related costs, and employee severance and other costs. Excluding these expenses, fourth quarter adjusted pro forma net income and adjusted pro forma net income per share would have been $4.9 million or $0.16 per diluted share.

2 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs