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ARGN Amerigon Inc. featured news, full reports, and detailed charts

Amerigon Inc. (ARGN) Wrap Up:

Amerigon Incorporated designs, develops, and markets electronic components and systems for sale to car and truck original equipment manufacturers in the United States and internationally. Its products are based on thermoelectric device (TED) technologies for heating and cooling applications. The company’s principal product is Climate Control Seat, which provides comfort by providing heating and cooling to seat occupants. Amerigon also manufactures and supplies the TED based thermal components for a non-automotive product called the C2 Climate Control device that allows users to regulate the temperature of their personal work space depending on their preference. In addition, the company has a...
www.amerigon.com
78 Employees
Founded in 1991

Amerigon Inc. (ARGN:NASDAQ)

LAST $6.89 USD
CHANGE TODAY +0.04 0.58%
VOLUME 103.0K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Amerigon Inc. (ARGN)

OPEN
$6.76
PREVIOUS CLOSE
$6.85
DAY HIGH
$6.98
DAY LOW
$6.76
52 WEEK HIGH
08/6/09 - $8.90
52 WEEK LOW
03/5/09 - $2.14
MARKET CAP
147.9M
AVERAGE VOLUME 3 mo
135.2K
DILUTED EPS TTM
$-0.02
SHARES OUTSTANDING
21.5M
ARGN Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

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ARGN Top Compensated Officers

Mr. Daniel R. Coker
Chief Executive Officer, President and Direct...
Age: 55
Total Annual Compensation: $285.6K
Dr. Lon Bell Ph.D.
Founder, Director, Chief Executive Officer of...
Age: 68
Total Annual Compensation: $222.0K
Mr. Barry G. Steele
Chief Financial Officer, Principal Accounting...
Age: 38
Total Annual Compensation: $188.0K
Mr. James L. Mertes
Vice President of Quality & Operations
Age: 56
Total Annual Compensation: $191.5K
Mr. Daniel J. Pace
Vice President of Sales and Marketing
Age: 58
Total Annual Compensation: $185.7K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Amerigon Inc. (ARGN)

Amerigon Climate Control Seat(R) (CCS(R)) System gets selection as Option for Redesigned 2010 Infiniti M45 and 2010 Nissan Fuga

Amerigon Inc. announced that its proprietary Climate Control Seat® (CCS®) system will be offered as an option for the front seats of the redesigned 2010 Infiniti M45 performance sedan and its Japanese counterpart, the Nissan Fuga sold only in Japan. The Infiniti Q45, which has been replaced by the M45, and the Nissan CIMA, which has been replaced in Japan by the Fuga, were the first vehicles made by Nissan to offer CCS, and have featured the heated and cooled seat system since the 2003 model year. The vehicles are expected to be in showrooms this fall. CCS, the premier actively heated and cooled seat system in the global automotive seat market, delivers year-round comfort to automotive seat occupants by providing both active heating and cooling. The system is completely independent of the automobile's heating and air conditioning system and does not reduce power available to the engine. It also emits no CFCs or other gases and is completely friendly to the environment. Other vehicles from Nissan that offer CCS include the Infiniti G37, Infiniti FX35, Infiniti FX50, Nissan 370Z, Nissan Maxima and Nissan CIMA. The Nissan Teana offers Amerigon's heated and ventilated seat system.

Amerigon Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Revenue Guidance for the Fourth Quarter and Second Half of 2009

Amerigon Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income attributable to the company of $1,131,000 or $0.05 per diluted share on product revenues of $18,442,000 compared to net income attributable to the company of $648,000 or $0.03 per diluted share on product revenues of $16,631,000 for the same period a year ago. The company reported operating income of $1,219,000 and earnings before income tax of $1,122,000 compared to operating income of $854,000 and earnings before income tax of $1,078,000 for the same period a year ago. The increase in Revenue was due to higher sales resulting from new introductions of vehicles offering the company's Climate Control Seat® (CCS®) systems and the addition of a rear seat option on certain existing vehicles subsequent to last year's third quarter. For the nine months, the company reported net loss attributable to the company of $674,000 or $0.03 per diluted share on product revenues of $39,327,000 compared to net income attributable to the company of $3,273,000 or $0.14 per diluted share on product revenues of $50,787,000 for the same period a year ago. The company reported operating loss of $1,467,000 and loss before income tax of $1,441,000 compared to operating income of $4,446,000 and earnings before income tax of $5,272,000 for the same period a year ago. Net cash provided by operating activities was $262,000 and purchase of property and equipment was $420,000 compared to net cash provided by operating activities of $3,110,000 and purchase of property and equipment of $1,605,000 for the same period a year ago. The company provided revenue guidance for the fourth quarter and second half of 2009. Due to the current uncertainty in the global automotive market, the company expects revenues to be flat to marginally up for the fourth quarter compared with the 2009 third quarter. The company expects revenues for the second half of 2009 should be up as compared to the first half of 2009.

New 2010 Range Rover Expands Amerigon's Climate Control Seat System to Rear Seats

Amerigon Inc. announced that its proprietary Climate Control Seat® (CCS®) system will be offered as an option in both front and rear seats in the new 2010 Range Rover, a full-size luxury sport utility vehicle (SUV) that is sold throughout the world. The Range Rover has offered the heating and cooling comfort of CCS as an option for the front seats since the 2007 model year and now will offer CCS for both front and rear seats.

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Industry Analysis

Valuation ARGN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.8x
Price/Book 3.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.3x

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