OPNVY Option NV featured news, full reports, and detailed charts
Option NV (OPNVY/OPNVY.PK) Wrap Up:
OPTION NV engages in the design, development, manufacture, and sale of wireless data communication devices primarily in Europe, Americas, and the Asia Pacific. It offers data cards, USB dongles, fixed mobile devices, wireless routers, and embedded wireless modules, as well as related software. The company was founded in 1986 and is headquartered in Leuven, Belgium.www.option.com
679 Employees
Founded in 1986
Option NV (OPNVY:OTC)
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Market Cap
97.2M
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Total Revenue
222.5M
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EBITDA
29.1M
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DILUTED EPS TTM
-0.80
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P/E
--
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P/S
0.3x
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Return On Asset
-13.96
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Return On Equity
-33.33
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| K = Thousands M = Millions B = Billions | ||
OPNVY Top Compensated Officers
Mr. Jan Callewaert
Founder, Chairman, Chief Executive Officer an...
Age: 52
Total Annual Compensation: €540.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Option NV (OPNVY)
Option NV Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/29/2009
Option NV reported third quarter revenues of EUR 35.7 million compared to EUR 60.3 million realized in the third quarter of 2008. LBIT was EUR 6.7 million compared to EUR 6.8 million for the corresponding period in 2008. Net loss was EUR 8.4 million or EUR 0.22 per basic share. This compares with a net loss of EUR 2.9 million, or EUR 0.07 per basic share, for third quarter 2008. The third quarter 2009 net result was negatively impacted by a financial loss of EUR 1.6 million primarily due to the continued effect of the weakness of the US dollar against the Euro on bank accounts and remaining hedging contracts. Total year to date revenues were EUR 127.7 million, a decrease of 35.5% compared to EUR 197.9 million revenues realized during the comparable period in 2008. Year to date LBIT was decreased to EUR 27.2 million or 21.3% of total revenues, including the year to date restructuring charge of EUR 1.7 million, compared to LBIT of EUR 10.3 million for the corresponding period in 2008. Net loss decreased to EUR 25.8 million, or EUR 0.62 per basic share. This compares with a net loss of EUR 5.7 million, or EUR 0.14 per basic share, in 2008. The 2009 net result was positively impacted by taxes of EUR 6.9 million and negatively impacted by a finance loss of EUR 5.6 million.
Option NV expected to Report Fiscal Year 2009 Results on February 25, 2010. This event was calculated by Capital IQ (Created on October 23, 2009).
10/23/2009
Option NV expected to Report Fiscal Year 2009 Results on February 25, 2010. This event was calculated by Capital IQ (Created on October 23, 2009).
Option Reports Earnings Results for the Second Quarter and the Half Year Ended June 30, 2009
07/30/2009
Option NV announced earnings results for the second quarter and the half year ended June 30, 2009. For the second quarter, total revenues were EUR 41.3 million compared with EUR 60.8 million realized in the second quarter of 2008. The quarterly EBIT loss amounted to EUR 11.3 million compared with EUR 6.6 million during the corresponding period in 2008. Net loss amounted to EUR 11.6 million, or EUR 0.28 per basic share. This compares with a net loss of EUR 5.6 million, or EUR 0.14 per basic share. The second quarter 2009 net result was positively impacted by taxes of EUR 4.2 million and negatively impacted by a financial result of EUR-4.5 million. EUR 3.7 million of the negative financial result was due to the weakening of the US dollar against the Euro creating unrealized losses on USD bank accounts and the mark to market value calculation of outstanding hedging contracts remaining for 2009. For the first half year, revenues were EUR 92.0 million, a decrease of 33% compared with EUR 137.6 million revenues realized during the first half year 2008. EBIT loss decreased to EUR 20.4 million, including the one-off restructuring charge of EUR 1.7 million, compared with and EBIT loss of EUR 3.5 million in 2008. Net loss decreased to EUR 16.8 million, or EUR 0.41 per basic share. This compares with a net loss of EUR 2.8 million, or EUR 0.07 per basic share in 2008. The 2009 net result was positively impacted by taxes of EUR 7.5 million and negatively impacted by a finance result of EUR 3.9 million.
OPNVY Competitors
| Company | Last | Change |
| Kyocera Corporation | ¥7,040 JPY | -70.00 |
| Novatel Wireless Inc | $8.84 USD | +0.005 |
| Sierra Wireless Inc | C$9.15 CAD | -0.34 |
| UTStarcom Inc | $1.91 USD | -0.10 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | OPNVY | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.3x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.1x |
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OPNVY |
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OPNVY transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About Option NV
More news for OPNVY
Option reports Third Quarter 2009 results, planned capital increase and additional cost reductions
LEUVEN, BELGIUM--(Marketwire - 10/29/09) - � * Third quarter revenues of EUR 35.7 million, gross margin up to 30.3%, * EBIT of EUR -6.7 million and net result of EUR -8.4 million * Additional restructuring with non revenue related operating expense savings of EUR 20 million * Capital increase of approximately EUR 20 million * Strategy to move away from commoditized hardware Option N.V. (EURONEXT Brussels: OPTI; OTC: OPNVY), the wireless technology company, today announces its results for the third quarter ended 30 September 2009. The financial information reported in this release is presented in Euros and has been prepared in accordance with the recognition and measurement criteria of IFRS as adopted by the European Union. The accounting policies and methods of computation followed in the attached financial statements are the same as those followed in the most recent annual financial statements. Cost Reduction PlanIn March, Option announced a plan to reduce quarterly non-revenue related operating expenses of EUR 21.3 million in Q4 2008 by 20%. At the end of Q3 2009, Option had significantly exceeded this plan and has reduced quarterly operating costs by 35% to EUR 13.8 million. Continuing its operational alignment with the strategy, Option is to carry out a further cost reduction plan. The new plan envisages an additional EUR 20 million savings in operating expenses for 2010 compared to the annualized Q3 2009 run-rate. Option has the intention to proceed with the following measures to implement this plan:� * The intention to proceed a collective dismissal of 55 employees at Leuven HQ that has been communicated to the works council * Moving further to an outsourced customization and fulfilment model in China, which will re...Click here to read the whole Article (external link)
Option Notification
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Financial Notification
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Option reports Second Quarter and First Half Year 2009 results
LEUVEN, BELGIUM--(Marketwire - 07/30/09) - Option N.V. (EURONEXT Brussels: OPTI; OTC: OPNVY), the wireless technology company, today announced its results for the second quarter and the half fiscal year ended June 30, 2009. The financial information reported in this release is presented in Euros and has been prepared in accordance with the recognition and measurement criteria of IFRS as adopted by the European Union. The accounting policies and methods of computation followed in the attached financial statements are the same as those followed in the most recent annual financial statements. The company will be releasing its IAS 34 interim financial statements before the end of August. Financial Highlights of the second quarter 2009 * Total revenues for the second quarter of 2009 were EUR 41.3 million compared with EUR 60.8 million realized in the second quarter of 2008.* Gross margin in Q2 2009 was 20.0% on total revenues, compared with gross margin of 24.7% for Q2 2008. Gross margin would have been 20.9% excluding a one-off restructuring charge of EUR 385 thousand, attributable to the cost of product sold.* Compared to Q2 2008, operating expenses decreased with EUR 3.4 million excluding restructuring charges in the second quarter of 2009 from EUR 21.6 million to EUR 18.2 million. These reductions are mainly due to a combination of cost reductions and lower sales related costs. The one-off restructuring charges taken in the second quarter 2009 and attributable to the operating expenses, are EUR 1.3 million.* The quarterly EBIT amounted to EUR -11.3 million or -27.4% on total revenues compared with EUR -6.6 million or -10.9% during the corresponding period in 2008.* Net result for the second quarter of fiscal year 2009 amounted to EUR...Click here to read the whole Article (external link)
Option Launches New iCON USB Modem Series Into U.S. With Cincinnati Bell as First Customer
LEUVEN, BELGIUM--(Marketwire - 07/14/09) - iCON 452 Designed to Give U.S. Service Providers Enhanced 3G Access Through AWS at the Fastest Network Speeds Available in the Country LEUVEN, Belgium and CINCINNATI, Ohio, July 14 2009 - Option.N.V. (EURONEXT Brussels: OPTI; OTC: OPNVY), the wireless technology company, , today announced the launch of its iCON 452 HSPA+ USB modem series in the U.S. with Cincinnati Bell Inc. (NYSE:CBB - News) as the first customer.Cincinnati Bell now carries the Option iCON 452, which uses Advanced Wireless Services (AWS) Spectrum and provides the fastest Internet connection possible at enhanced 3G speeds. The iCON 452 allows Cincinnati Bell to offer attractively priced enhanced 3G mobile broadband service with twice the monthly data allowance of similar products in the Cincinnati market area.With Option's Zero-CD� Plug'n Play Technology, users simply insert the device into a computer, install the software and are instantly connected to the Internet. This makes it an ideal solution for working remotely, studying off campus, connecting online at home or anything else that requires a fast and functional solution for broadband connectivity on the move."The iCON 452 is launching on Cincinnati Bell's enhanced 3G wireless network, which means it is ideal for the person who wants fast, easy and superior broadband connectivity throughout the Cincinnati and Dayton regions," said Tim Bracken, director of Cincinnati Bell Wireless. "Indep...Click here to read the whole Article (external link)
Option launches new iCON(R) 505 HSPA USB modem with TeliaSonera in Sweden
Expired Yahoo - Document Has Expired/iw/090616/0510984.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
Option and Sharp build the new 3G Sidekick LX for T-Mobile USA
Expired Yahoo - Document Has Expired/iw/090514/0501184.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
Option Reports First Quarter 2009 Results
LEUVEN, BELGIUM--(MARKET WIRE)--Apr 30, 2009 -- Option N.V. (EURONEXT Brussels: OPTI; OTC: OPNVY), the wireless technology company, today announced its results for the first quarter ended March 31, 2009. The financial information reported in this release is presented in Euros and has been prepared in accordance with the recognition and measurement criteria of IFRS as adopted by the European Union (IFRS). The accounting policies and methods of computation followed in the attached financial statements are the same as those followed in the most recent annual financial statements. Financial highlights of the first quarter 2009 * Total revenues for the first quarter of 2009 were EUR 50.8 million compared with EUR 76.8 realized in the first quarter of 2008. * Gross profit during the first quarter of 2009 amounted to EUR 13.3 million or 26.2% on total revenues, compared with a gross profit of EUR 26.6 million or 34.6% on total revenues in the first quarter of 2008. * The quarterly EBIT amounted to EUR -9.1 million or -17.9% on total revenues compared with EUR 3.1 million or 4.0% during the corresponding period in 2008. * During the 1st quarter 2009, another 1.183.650 warrants "V" were accepted by employees and other persons designated by name. The fair value of the accepted warrants "V" is calculated at EUR 270 thousand for the first quarter and is recognized in the operating expenses. Excluding this effect of the Warrants "V" the quarterly EBIT would have been EUR - 8.8 million. * The financial result for the quarter was EUR 605 thousand. This result was impacted by a positive effect of the execution of hedging contracts during the quarter and existing hedging contracts which are marked to fair value. * Net result for the first quarter of fiscal year 2009 amounted to EU...Click here to read the whole Article (external link)
Option reports Fourth Quarter and Full Year 2008 results
LEUVEN, BELGIUM--(MARKET WIRE)--Mar 5, 2009 -- Option N.V. (EURONEXT Brussels: OPTI; OTC: OPNVY), the wireless technology company, today announced its results (regulated information) for the full fiscal year and fourth quarter ended December 31, 2008. The financial information reported in this release is presented in Euros and has been prepared in accordance with the recognition and measurement criteria of IFRS as adopted by the European Union. The accounting policies and methods of computation followed in the attached financial statements are the same as those followed in the most recent annual financial statements. Financial Highlights of the fourth quarter result 2008 * Total revenues for the fourth quarter of 2008 were EUR 70.2 million compared with EUR 69.9 million realized in the fourth quarter of 2007. * Gross margin in the fourth quarter 2008 was 24.1% on total revenues, compared with a gross margin of 19.1% of Q4 2007. * The quarterly EBIT amounted to EUR -19 million or -27.1% on total revenues compared with EUR -14 million or -20.1% during the corresponding period in 2007. The EBIT was heavily affected by a EUR 7.7 million impairment, reported in R&D expenses, and increases in license fees. * Net result for the fourth quarter of fiscal year 2008 amounted to EUR -13.3 million, or EUR -0.32 per basic and diluted share. This compares with a net result of EUR -8.5 million, or EUR -0.21 per basic and diluted share. The Q4 2008 net result was positively impacted by taxes of EUR 6.1 million compared with EUR 5.9 million for the same period 2007. * The Group's balance sheet includes EUR 33.3 million of cash and inventory levels of EUR 32.9 million. The inventory levels are down from the same period a year ago, however they rose versus Q3 due to the launch ...Click here to read the whole Article (external link)
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