This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Pointer Telocation Reports Q3 2011 Financial Results


U.S. dollars in thousands

                                                 September 30,   December 31,   
                                                     2011           2010
    Cash and cash equivalents                      $ 1,156        $ 2,233
    Restricted cash                                    126            133
    Trade receivables                               16,560         13,914
    Other accounts receivable and prepaid
    expenses                                         2,355          2,982
    Inventories                                      4,924          3,739
    Total current assets                            25,121         23,001
    Long-term accounts receivable                      709            832
    Severance pay fund                               7,475          7,624
    Property and equipment, net                     11,484         11,255
    Investment in affiliate                            515            295
    Other intangible assets, net                     4,287          6,497
    Goodwill                                        51,942         53,926
    Total long-term assets                          76,412         80,429
    Total assets                                 $ 101,533      $ 103,430

The accompanying notes are an integral part of the interim consolidated financial statements.


U.S. dollars in thousands (except share and per share data)

                                                 September 30,  December 31,
                                                     2011           2010
    Short-term bank credit and current maturities
    of long-term loans                             $ 12,846       $ 13,170
    Trade payables                                   11,233         10,064
    Deferred revenues and customer advances           8,257          7,806
    Other accounts payable and accrued expenses       7,360          7,054
    Total current liabilities                        39,696         38,094
    Long-term loans from banks                        8,582         11,526
    Long-term loans from shareholders and others        952            957
    Other long-term liabilities                       1,598            842
    Accrued severance pay                             8,713          8,365
                                                     19,845         21,690
    Pointer Telocation Ltd's shareholders'
    Share capital -
    Ordinary shares of NIS 3 par value -
    Authorized: 8,000,000 shares at September 30,
    2011 and December 31, 2010; Issued and
    outstanding: 4,785,848 and 4,771,181 shares
    at September 30, 2011 and December 31, 2010,
    respectively                                      3,293          3,280
    Additional paid-in capital                      118,811        118,512
    Accumulated other comprehensive income            1,577          3,292
    Accumulated deficit                             (87,978)       (88,216)
    Total Pointer Telocation Ltd's shareholders'
    equity                                           35,703         36,868
    Non-controlling interest                          6,289          6,778
    Total equity                                     41,992         43,646
    Total liabilities and shareholders' equity    $ 101,533      $ 103,430

The accompanying notes are an integral part of the interim consolidated financial statements.

5 of 8

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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!


DOW 18,106.50 -96.87 -0.53%
S&P 500 2,096.46 -11.32 -0.54%
NASDAQ 4,965.9930 -13.9080 -0.28%

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