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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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January 28, 2015
17:59 EDTLOJNLoJack announces final legal settlement with Brazilian licensee
LoJack announced that LoJack Equipment Ireland Ltd., which manages the company's international licensee relationships, has reached a legal settlement with Tracker do Brasil LTDA. The agreement results in $5M of total value to LoJack. Specifically, Tracker will pay LoJack $2M in cash and will provide $3M of value in the form of gross margin through product sales. The cash payments will be received evenly over the twelve months ending January 2016. Of the total value, $4M will be received in 2015 and $1M will be received in the first seven months of 2016. The product sales are a combination of last time purchases by Tracker in Brazil and other purchases by Tracker affiliates with valid license agreements in other territories. The agreement also terminates all litigation between the parties, although LoJack Ireland's damages claim may be re-instated in the event that Tracker does not comply with the terms of the settlement agreement, and the immediate termination of Tracker as LoJack's exclusive licensee in the country of Brazil.
January 23, 2015
17:46 EDTLOJNLoJack, Novatel partner to develop management products for auto market
LoJack (LOJN) announced a collaboration with Novatel Wireless (MIFI) to develop robust positioning and accuracy capabilities in the LoJack Connect for Inventory Management system, which will be demonstrated in LoJack's booth at the 2015 National Automotive Dealers Association Convention & Exposition. The LoJack Connect for Inventory Management system helps sales personnel at dealerships accurately track and actively monitor vehicle inventory across multiple lots, helping to minimize the time required in the regular dealer inventory process. Accessible via computer, tablet and mobile phone, users can verify vehicle location, quickly access relevant vehicle information, track test drives and receive early warning alerts if a vehicle is moved from a geo-fenced location.

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