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Planar Systems CEO Discusses F4Q11 Results - Earnings Call Transcript

Stocks in this article: PLNR

A particular note is that significant recent Matrix installation in the Gucci flagship retail store in Milan, Italy. This installation is indicative of kinds of opportunities we are seeing in retail, as many retailers look for ways to create new exciting environments to attract customers.

In addition to strong sales results, we have expanded our digital signage product portfolio with the introduction of the PS-Series of large format digital signage displays. These products offer us the opportunity to expand our reach into additional portions of the growing digital signage market.

In our non-digital signage product lines, we experienced 4% growth in Q4 and 1% growth for the full fiscal year. Our rear projection cube products grew 31% in the quarter with particular strength in our international markets. Our touch monitor products also had strong growth in the quarter at 36%. And our high-end home products grew 24% in the quarter. This was partially offset by decline in some mature product lines during the quarter.

In addition to the revenue results I have just described, we also continued our effort to expand our resources focused on the digital signage market. We've added sales capacity and marketing resources, as we continue to believe that the digital signage market offers us an excellent growth opportunity. All-in-all we are very pleased with the results of this quarter and the progress we are making towards transforming Planar into a consistent double-digit growth company.

With that, let me turn the call over to Scott to discuss our financial performance in a bit more detail.

Scott Hildebrandt

Thanks, Gerry. Let me start with our income statement. As you are aware, we've reported GAAP loss per share of $0.07 and non-GAAP income per share of $0.01 earlier today for our fourth quarter of fiscal 2011. For the full fiscal year, GAAP loss per share totaled $0.24. However, non-GAAP income per share was a positive $0.05, as Gerry mentioned earlier.

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