DynaVox Reports Fourth Quarter And Fiscal Year 2010 Results
"We are extremely pleased that we were able to reach more people who need DynaVox's speech generating devices and educational software in the fourth quarter and fiscal year 2010, and we remain confident about our future operating and financial performance," said Ed Donnelly, DynaVox's Chief Executive Officer. "For fiscal 2011, we expect our strong revenue growth to continue in the mid-teens percent range, as we continue to execute on our proven strategies in both speech devices and software."
Mr. Donnelly continued, "We will continue our investment in sales and marketing, internet distribution, and product development. In the area of product development, as described below, we are introducing an exciting new platform in our education software product line. We believe our focus on innovative product offerings will continue to enable DynaVox to reach more clients in the coming months and years as we execute on our strategies for long-term profitable growth."
Fiscal Year 2011 Guidance
For fiscal year 2011, the Company expects net sales growth in the range of 14% to 17%. The Company expects Adjusted EBITDA growth in the range of 15% to 20% and Adjusted pro forma net income per diluted share in the range of $0.56 to $0.62.New Product Launches DynaVox is pleased to announce the launch of an exciting new software platform, Boardmaker Studio. In education software, Boardmaker Studio takes the industry's most popular software to a new level by incorporating online authoring and editing capabilities, with a large library of professional created and affordable curriculum designed to accelerate student learning and improve teacher efficiency. In addition, DynaVox launched new proprietary mounting solutions and multiple other accessories that will further differentiate DynaVox as the source for total solutions for both speech generating devices and special education software. Conference Call The conference call is scheduled to begin today at 4:30 p.m. EDT. The call will be webcast live over the Internet hosted at the Investor Relations section of DynaVox's website at http://ir.dynavoxtech.com/index.cfm , and will be archived online through September 9, 2010. In addition, listeners may dial (877) 312-5529 in North America, and international listeners may dial (253) 237-1147. Participants from the Company will be Ed Donnelly, Chief Executive Officer, and Ken Misch, Chief Financial Officer. A telephonic playback will be available from 7:30 p.m. EDT, August 25, 2010, through September 9, 2010. To hear the playback, participants can dial (800) 642-1687 and international listeners may dial (706) 645-9291. The conference ID number is 89271395. Explanatory Note and Non-GAAP Financial Measures DynaVox Inc. completed an initial public offering (IPO) on April 27, 2010. As a result of the IPO and certain other recapitalization transactions, DynaVox Inc. became the sole managing member of and has a controlling interest in DynaVox Systems Holdings LLC and its subsidiaries ("DynaVox Holdings" or "Predecessor"). References to "DynaVox," the "Company," and "Successor" refer, subsequent to the IPO and related transactions, to DynaVox Inc. and its consolidated subsidiaries and these references (other than "Successor") refer, prior to the IPO and related transactions, to DynaVox Holdings.
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