Optelecom-NKF Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues totaled $8.3 million compared to $11.5 million for the same quarter in 2008. The company reported a net loss of $1.3 million or $0.35 per basic and diluted share compared to a net profit of $1.0 million or $0.28 per basic and diluted share for the same quarter a year ago. Loss from operations was $958,000 and loss before income taxes of $1.1 million compared to income from operations of $879,000 and income before income taxes of $891,000 for the same quarter a year ago. Negative adjusted EBITDA was $553,000 compared to adjusted EBITDA of $1.3 million for the same quarter a year ago. For the nine months, the company reported net loss of $2.2 million or $0.59 per basic and diluted share on revenue of $26.9 million compared to net income of $1.2 million or $0.33 per basic and diluted share on revenue of $33.4 million for the same period a year ago. Loss from operations was $1.6 million and loss before income taxes of $2.2 million compared to income from operations of $1.3 million and loss before income taxes of $794,000 for the same period a year ago. Negative adjusted EBITDA was $441,000 compared to adjusted EBITDA of $2.6 million for the same period a year ago.

Optelecom-NKF Inc., Q3 2009 Earnings Call, Nov-05 2009

Optelecom-NKF Inc. announced it has won a major traffic management technology contract in Spain. Optelecom-NKF will work with Indra Sistemas, S.A. (Indra), Spain's leading information technology company, to design and deploy a combined traffic monitoring and automatic incident detection (AID) system in the 949 meter long El Fresno Tunnel, located along the A-63 highway in the Principality of Asturias, Northern Spain. Terms of the contract were not disclosed. Plans call for the El Fresno Tunnel's local IP/Ethernet network system to utilize eighteen Siqura® TrafficServers(TM), multiple Siqura dome cameras, located at tunnel entrances, and twenty-two fixed cameras spanning the interior of the tunnel to stream real-time video to a central control room. The TrafficServer is an award winning intelligent solution for traffic management and incident detection. It offers a combination of incident detection, traffic data collection, and camera monitoring in a single, temperature-hardened module. The TrafficServer provides real-time data and image information for optimal traffic control and accurate incident detection.