LoJack Corp., symbol LOJN on Nasdaq, sells systems that help track and recover stolen vehicles. LoJack sells its products in the U.S. and 30 other countries. The company’s Canadian subsidiary is Boomerang Tracking.
LoJack is one of the aggressive investing stocks we analyze in our Stock Pickers Digest newsletter.
In the three months ended December 31, 2010, LoJack’s revenue rose 12.4%, to $40.0 million from $35.6 million a year earlier. The international division’s revenue jumped 27.1%, to $16.4 million from $12.9 million a year earlier. Sales in Italy were especially strong in the latest quarter: the company added 2,200 clients in the country, and now has a total of 13,000 Italian clients.
Revenue at the aggressive investing stock’s North American division rose 5.0%, to $23.0 million from $21.9 million.
LoJack earned $2.8 million, or $0.15 a share, in the latest quarter, compared to a loss of $2.3 million, or $0.13 a share, a year earlier. The company laid off workers early in 2010, and has cut its marketing costs. These moves helped the company return to profitability.
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