This Day On The Street
Continue to site
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

KEYW Reports Q4 And 2010 Financial Results

HANOVER, Md., Feb. 7, 2011 (GLOBE NEWSWIRE) -- The KEYW Holding Corporation (Nasdaq:KEYW) announces revenue for 2010 of $108.0 million as compared to $39.0 million in 2009, an increase of approximately 175%. Net and Total Comprehensive Income for 2010 was $10.9 million compared to a Loss for 2009 of ($2.1) million. Earnings Per Share (EPS) were $0.51 (diluted) for 2010 versus EPS for 2009 of ($0.18) (diluted). Income Before Income Taxes for 2010 was $18.7 million compared to Loss Before Income Taxes of ($3.1) million for 2009.

For Q4 of 2010, KEYW generated $29.3 million in revenue versus $12.1 million in the same period of 2009. Net income was $1.2 million and $0.4 million for the fourth quarters of 2010 and 2009, respectively. EPS for these same periods were $0.04 (diluted) in 2010 and $0.02 (diluted) in 2009. Revenue in Q4 2010 was below expectations due to delays in expected product orders during the quarter. Since the beginning of 2011, we have seen product orders return to prior quarter levels. Gross Margin (including both products and services) in Q4 was 29.1% which continues in-line with Gross Margin 29.2% across the full year 2010. 

 "2010 was a year of significant growth and accomplishment for KEYW," commented Leonard Moodispaw, CEO and President of KEYW Corporation. "During 2010 we completed 4 acquisitions, increased our revenue by over 175%, and completed our initial public offering. We now have a workforce of over 700 people, approximately 80% of whom hold TS/SCI clearances, and have contracts with almost 50% of the Intelligence Community (IC) agencies. We begin 2011 with zero debt, a robust pipeline of strategic acquisition candidates, strong momentum in both our services and products businesses, and a clear focus and differentiation in delivering agile solutions to the IC's toughest cyber challenges. With this momentum and our energized team, we believe 2011 will be another year of significant growth and accomplishment."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs