DGAP-Adhoc
Electronics Line 3000 Ltd.: Results of the first half year 2014 below expectations - outlook for 2014 adjusted - Seite 2
as at December 31, 2013.
In the Reporting Period, net cash provided by operating activities amounted
to US$ 0.5 million compared to US$ 1.4 million during the respective period
last year.
The Company believes that it will not be able to achieve its 2014 financial
targets mainly due to delays in launching of a new product line which
served as the basis for the Company's volume expectations. The Company's
customers are waiting for the launch of the new product line and therefore
hold back their purchase orders. Consequently, the Company revises its
revenue guidance by approximately -22% now expecting sales of approximately
US$ 14 million for fiscal 2014. As a result of the decrease in revenues,
the Company believes that its earnings for fiscal 2014 will be adversely
affected.
The reviewed interim report for the first half year of 2014 will be
available on August 14, 2014, on the Company's website at
www.electronics-line.com in the investors section.
For more information please contact:
Ms. Sari Ellenberg
investor.relations@electronics-line.com
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Information and Explaination of the Issuer to this News:
About Electronics Line (EL):
EL is a pioneer in next-generation security solutions for the residential
and small commercial markets. The Company designs and produces cutting-edge
solutions for security and control of living and working environments. The
EL line provides comprehensive security protection, as well as
sophisticated system and home management functionality, for optimal
comfort, safety and peace of mind. This new industry standard is further
upgraded with enhanced remote management capabilities that give homeowners
instant access to their system from anywhere in the world.
Upgrading Everyday Security
EL solutions enable new levels of control and maintenance in protected
sites through the ELAS, a proprietary remote management server. The Company
enjoys a unique market position in supplying ELAS-governed systems for the
home and workplace, which provide the multiple benefits of a virtual
security presence, convenient home automation, and energy efficiency, all
customized by the end-user and/or the service provider.
EL's wireless solutions offer enhanced detection and PSTN/IP/GSM/GPRS-based
event reporting, along with advanced remote management tools. The
back-office support and customized branding of EL solutions provide
superior security with significant business benefits and market expansion
potential.
Global Partnerships
available on August 14, 2014, on the Company's website at
www.electronics-line.com in the investors section.
For more information please contact:
Ms. Sari Ellenberg
investor.relations@electronics-line.com
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
About Electronics Line (EL):
EL is a pioneer in next-generation security solutions for the residential
and small commercial markets. The Company designs and produces cutting-edge
solutions for security and control of living and working environments. The
EL line provides comprehensive security protection, as well as
sophisticated system and home management functionality, for optimal
comfort, safety and peace of mind. This new industry standard is further
upgraded with enhanced remote management capabilities that give homeowners
instant access to their system from anywhere in the world.
Upgrading Everyday Security
EL solutions enable new levels of control and maintenance in protected
sites through the ELAS, a proprietary remote management server. The Company
enjoys a unique market position in supplying ELAS-governed systems for the
home and workplace, which provide the multiple benefits of a virtual
security presence, convenient home automation, and energy efficiency, all
customized by the end-user and/or the service provider.
EL's wireless solutions offer enhanced detection and PSTN/IP/GSM/GPRS-based
event reporting, along with advanced remote management tools. The
back-office support and customized branding of EL solutions provide
superior security with significant business benefits and market expansion
potential.
Global Partnerships
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