Applied Digital Solutions Provides Preliminary Guidance On First Quarter 2002 Results; The Company Is EBITDA Positive and Will Recognize a Contribution to EPS.Business Editors, High Tech Writers PALM BEACH, Fla.--(BUSINESS WIRE)--April 11, 2002 Applied Digital Solutions, Inc. (Nasdaq: ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ), an advanced technology development company, today provided preliminary guidance on the company's results for the first quarter of 2002, which ended March 31. Applied Digital expects to report that it was EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become positive for the first quarter and delivered a contribution to earnings per share. Commenting on the guidance, Scott R. Silverman Silverman is the surname of:
Also commenting on the preliminary guidance, Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a J. Sullivan, Chairman, Founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Applied Digital said: "The preliminary results of the first quarter are a credit to our new management team and all Applied Digital employees. With the corporate restructuring complete, the company is EBITDA positive and our initial investment in life-enhancing, advanced technologies are already yielding a positive return. This is a major milestone in the evolution of Applied Digital. We fully expect to continue this positive trend throughout 2002 and beyond." About Applied Digital Solutions, Inc. Applied Digital Solutions (Nasdaq: ADSX) is an advanced technology development company that focuses on a range of life-enhancing, personal safeguard technologies, early warning alert systems, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Technology Group, the company specializes in security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. For more information, visit the company's website at http://www.adsx.com. Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . |
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