BATM Reports 2005

KFAR NETTER, Israel -- BATM Advanced Communications Limited (“BATM” or “the Company”), (LSE: BVC), a leading designer and producer of broadband data and telecoms systems, announces final results for the year ended 31 December 2005.

  • Revenue growth of 37% over 2004 (2004 growth of 11% over 2003)
  • Return to Operating Profitability. Pre-tax profit before goodwill amortization and other non-recurring expenses of $1.4m (loss of $2.6m in 2004)
  • Strong cash position of $48.0m, including short and long-term liquid investments, and no borrowings ($47.1m at 30 June 2005, $50.7m at 31 December 2004)
  • Gross profit margin of 39% compared with 42.5% in 2004
  • Major strategic partnerships consolidated and extended
  • Long-term contracts secured strengthening the Group’s growth prospects

Dr Zvi Marom, Chief Executive of BATM, said:

The hard work of the last few years and our focus on building a sustainable platform of growth for the Company has been borne out by these results. BATM has secured some notable contract wins in a highly competitive market and we have strengthened our relationships with major strategic partners.

I am confident that we are at the beginning of a period of significant renewed growth.

BATM Advanced Communications Ltd. (London: BVC)

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