“Our focus is on continuing to build our recurring service revenues through the addition of new Telguard and TankLink subscribers,” commented Joe Beatty, president and chief executive officer of Telular Corporation. “This quarter offered further evidence of the success of our strategy as we once again delivered double-digit, annual service revenue growth. Additionally, we are pleased to return to sequential product revenue growth, as product sales increased 22% from the immediately preceding quarter.”In the fourth quarter of 2010, Telular sold 22,000 Telguard units resulting in Telguard product revenues of $3.2 million and sold 1,700 tank monitoring units resulting in TankLink product revenues of $679,000.
Telular Corporation Reports Fourth Quarter 2010 Results And Declares Cash Dividends
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