AMAC issues new guidance
American Medical Alert Corporation (AMAC) had issued a press release stating that they are predicting the gross revenues will increase to $39,200,000. This is a 10% increase from FY 2007. They have also predicted a growth in net earnings of 25% from last year. Additionally, their net earnings growth over the past three years is 104% if everything goes as projected.
This good news coincides with the release of a new product by the company. In Q4 of 2008 the company hopes to release a medication management and dispensing product called MedSmart. The company is also expecting to be receiving awards for its TBCS (Telephony Based Communication Services) in the second half of 2008.
For more details on this article, you can read it in its’ entirety at marketwatch.com.
For more information on AMAC, click here.
Their stock is presently trading at $6.41/share, which is down 34.9% from its’ 52-week high (10/31/2007) and up 25.9% from its’ 52-week low (3/17/2008).
As a side note, I presently hold stock in this company.