China Tracker - Details for Telestone Technologies (TSTC)

 Telestone Technologies
Shares Outstanding (MRQ): 12.35 mill
New Shares / Dilution (TTM): 1.84 mill17.46% 
New Shares / Dilution (since Dec 31, 2008): 1.91 mill18.33% 
Cash (MRQ): 26.50 mill0.00%
Account Receivables (MRQ): 197.98 mill0.00%
Account Receivables (Q/Q): + 5.49 mill2.85% 
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): -76.20% 
Revenue Growth (Y/Y): 30.00%
Net Income Growth (Q/Q): -86.85% 
Net Income Growth (Y/Y): N/A (BACK TO PROFITABILITY)
EPS Growth (Y/Y): N/A (BACK TO PROFITABILITY)
Net Margin (Q/Q): 11.2% (20.3%)-9.10% 
Net Margin (Y/Y): 11.2% (-10.2%)21.30% 
EPS | P/E (2 MRQ Projection): $2.260.00 
CFPS | P/CF (2 MRQ Projection): -$0.300.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Mazars CPA 
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-05-18): $2.250.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2004-08-23 
Uplisting to Senior Exchange: on 2005-05-12 at $4.45 (-100.00% since Uplisting)

 Business Outlook

For the full-year 2011, Telestone reaffirms its expectation that revenues will increase by about 30% to approximately $171 million, and net income will increase by about 10% to approximately $27.5 million or $2.22 per diluted share. The Company continues to expect revenue from WFDS-based products to account for 40% of its total revenue in 2011 and also continues to expect revenue from international customers to account for 3% of total revenue in 2011. The Company has broadened its family of WFDS products to include its proprietary Telestone Intelligent Premises System (TIPS), which is designed to unify fixed telecom networks, 2G/3G/4G mobile networks, Internet, cable TV and the Internet of Things with an integrated multi-service model on an all-inclusive network. While still under development, TIPS is expected to be commercially rolled out in the second half of 2011.

For 2012, the Company continues to expect revenues to double to approximately $342 million. Telestone reiterates that the Company will remain focused on collections and the Company is on track to collect approximately $123.1 million of accounts receivable in 2011 and maintain DSOs within the range of 360 and 400 days at the end of the year.

"Although we face some uncertainties resulting from the direction of 3G investment and auditing issues among the Big 3 carriers, we have demonstrated our ability to execute on our business strategy for continuous growth. We are committed to expanding our business portfolio with innovative products and services, diversifying our customer base, and we are encouraged by our initial success in improving collections. We are confident that our operational agility will build a solid foundation for our future growth momentum and profitability.".

(Source: PR Newswire, 2011-08-15)

For the full-year 2011, Telestone expects revenues to increase by about 30% to approximately $171 million. The Company expects full-year 2011 net income to increase by about 10% to approximately $27.5 million or $2.22 per diluted share. The relatively lower expected growth in net income is due to planned investment in expanding sales and marketing activities in order to achieve the Company's goals for international expansion and sales to non-telecom carrier customers, and this EPS figure also reflects a higher share count due to the November 2010 secondary offering. Telestone continues to expect revenue from WFDS-based products to account for 40% of the company's total revenue in 2011 and also continues to expect revenue from international customers to account for 3% of total revenue in 2011.

In 2012, the company also expects revenues to double to approximately $342 million. Telestone will increase its focus on collections in 2011 so as to manage accounts receivable more effectively. The Company expects to collect approximately $123.1 million of accounts receivable in 2011 and maintain DSOs within the range of 360 and 400 days at the end of the year.

"Telestone achieved solid business growth in the first quarter, and our WFDS based products are increasingly recognized by the market. In order to position the Company for continued solid growth in the next several years, we will focus on operations and expanding our customer base in 2011. We feel confident we will improve collections and that we will gain several non-telecom customers in 2011. Due to our shift in focus on operations and collections rather then pure growth in 2011, we are expecting to grow at a slower pace than 2010. However, we expect these measures to position us for accelerating growth in 2012 and beyond."

(Source: PR Newswire, 2011-05-16)

In 2011, we expect over 40% of revenues from the sales of WFDS products. We are also committed to significantly increase our sales to international customers in 2011. Our goal is to continue expanding our business in the U.S., and take advantage of other commercial opportunities in Europe, Southeast Asia, Africa, and Middle East. Our primary goal is to continue to expand our business and provide an attractive return for our shareholders.

(Source: PR Newswire, 2011-03-28)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-15Roth CapitalReiterationBuy$12.00
2011-05-17Roth CapitalReiterationBuy$12.00
2011-03-30Roth CapitalReiterationBuy$12.00
2011-01-25Roth CapitalReiterationBuy$18.00
2011-01-18Roth CapitalReiterationBuy$18.00

    see all Analyst Ratings

 Recent Financings
2010-11-24Priced$18.90 mill1.68 mill shares$12.00
2010-03-01Filing$150.00 mill--

 Investor Presentations
2010-09-14 (HTML)   VIEW
2010-03-23 (Powerpoint)   DOWNLOAD (right click, save as)
2010-02-11 (HTML)   VIEW
TSTC
Telecommunications
SCORE
4
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SAFETY/RISK SCORE
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Current Price:  n/a
F10k Day (2004-08-27): -100.00%$4.00
2009 Close: -100.00%$19.84
2010 Close: -100.00%$10.62
2011 Close: -100.00%$4.16
High (2012-03-01): -100.00%$4.37
Low (2012-08-06): -100.00%$1.27
Exchange:
Market Capitalization: n/a
Total Shares: 12.35 mill
Float: n/a
Avg Volume: 103.90 k
Short Interest: 2.06 mill
Short Ratio: 23.31%19.8 d
Last Quarter: 2011-03-31
Revenue (MRQ): 14.47 mill
Net Income (MRQ): 1.62 mill
Op. Cash Flow (MRQ): -5.62 mill
all financial data provided without warranty