DRI Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter ended Sept. 30, 2009, net sales increased by 15.0% to $21.6 million and the net income applicable to common shareholders was $880,000, or 7 cents per diluted common share outstanding. This compares to net sales of $18.8 million and net income of $662,000, or 6 cents per diluted common share outstanding for the same period last year. Operating income was $2,045,000 and income before income tax expense was $1,336,000 against operating income of $1,503,000 and income before income tax expense of $1,299,000 for the same period a year ago. For the nine months ended Sept. 30, 2009, sales increased by 2.7% to $56.4 million and the net income applicable to common shareholders was $869,000, or 8 cents per diluted common share outstanding. This compares to net sales of $54.9 million and net income of $1.7 million, or 15 cents per diluted common share outstanding, for the same period last year. Exchange rates lowered the revenue increase for both the quarter and the nine months. Operating income was $2,568,000 and income before income tax expense was $1,070,000 against operating income of $4,431,000 and income before income tax expense of $3,799,000 for the same period a year ago. The company expects fourth quarter 2009 to be profitable at 5 cents, as compared to a loss of 4 cents in the same quarter of last year and to exceed the revenues of the same quarter last year. The company expects fiscal year 2009 revenue to approximate $82 million, based on currency exchange rates currently in effect. Considering the foregoing, the company is adjusting the earnings per share guidance to 12 cents for fiscal year 2009. Additionally, the first quarter 2010, while unprofitable, is expected to be an improvement over the same period in fiscal year 2009. The company expects earnings per share at 4 cents. The company expects that fiscal year 2010 revenue will approximate $100 million, which would be a 22.0% growth with earnings about doubling those of fiscal year 2009's revised guidance.

DRI Corporation expected to Report Fiscal Year 2009 Results on March 29, 2010. This event was calculated by Capital IQ (Created on November 13, 2009).

DRI Corporation amended its Articles of Incorporation by filing a Certificate of Designation with the Secretary of State of North Carolina designating 700 shares of its authorized preferred stock as 'Series K Senior Convertible Preferred Stock'. The Series K Preferred Stock ranks prior and superior to the Company's Series AAA Preferred Stock, Series E Redeemable Nonvoting Convertible Preferred Stock, Series G Preferred Stock, Series H Preferred Stock, Series J Convertible Preferred Stock, and Common Stock with respect to payment of dividends and upon liquidation, dissolution and winding up of the Company. On November 6, 2009, the company filed the Amended Certificate of Designation with the Secretary of State of North Carolina, which made the following modification to the designations, rights, preferences and limitations relating to the shares of the Series K Preferred Stock.