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Stock Market & Financial Investment News

News Breaks
February 20, 2014
07:11 EDTLOJNLoJack reports Q4 EPS 25c, consensus 11c
Reports Q4 revenue $40.5M, one estimate $38.80M.
News For LOJN From The Last 14 Days
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May 14, 2015
10:25 EDTLOJNLoJack says to eliminate or realign approx. 35 positions within company
LoJack said in a regulatory filing that on May 13, the company implemented a program to operate more efficiently and better align its cost structure to assist in the company’s future growth. This program includes the elimination or realignment of approximately 35 positions within the company. Additionally, the company has decided to not hire for 17 positions that have become open in the normal course. As a result of this reduction in workforce, the company expects to incur a pre-tax charge of approximately $402,000 in 2Q15, comprised of severance and other employee-related costs. Substantially all of these charges will result in cash expenditures over the next four months ending September 30. The company expects to complete the program during 3Q15.

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