Scopus also provided a preliminary outlook for its second quarter 2006 results. Revenue is expected to be about $12.5 million for the quarter with a loss per share, excluding FAS 123 impact, between ($0.04) and ($0.05). The lower than expected EPS results are primarily due to exchange rate related expenses as a result of the strong appreciation of the Shekel versus the US dollar during the quarter and higher than anticipated operating expenses. Gross margin in the quarter is expected to be around 49%.
The Company will be hosting a conference call on August 3rd at 9:00am EDT. On the call, management will review and discuss the second quarter results in more detail and will provide its outlook for the remainder of 2006.
To participate, please call one of the following teleconferencing numbers. Please begin placing your calls at least 5 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.
US Dial-in Number: 1-866-229-7198
UK Dial-in Number: 0-800-917-9141
ISRAEL Dial-in Number: 03-918-0609
INTERNATIONAL Dial-in Number: +972-3-918-0609
At:
9:00am Eastern Time, 6:00am Pacific Time, 2:00pm UK Time,
4:00pm Israel Time
For those unable to listen to the live call, a replay of the call will be available for three months from the day after the call in the investor relations section of Scopus's website, at: http://www.scopus.net
About Scopus Video Networks
Scopus Video Networks (NASDAQ:SCOP) develops, markets and supports digital video networking products that enable network operators to offer advanced video services to their subscribers. Scopus offers products that support digital television, HDTV, live event coverage and content distribution.
Scopus provide a comprehensive digital video networking product offering, including intelligent video gateways, encoders, decoders and network management products. Scopus' products are designed to allow network operators to increase service revenues, improve customer retention and minimize capital and operating expenses.
Scopus' customers are network operators such as satellite, cable and telecom service providers and terrestrial broadcasters. Scopus' products are used by hundreds of network operators worldwide. For more information visit: http://www.scopus.net
Contacts:
Scopus Corporate Contact:
Moshe Eisenberg
Tel: +972-3-9007700
ir@scopus.net
Investor Relations Contacts:
GK Investor Relations
Ehud Helft / Kenny Green
Tel: +1-866-704-6710
Ehud@gkir.com / Kenny@gkir.com
This press release contains forward-looking statements concerning our marketing and operations plans. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. All forward-looking statements in this press release are made based on management's current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. These statements involve a number of risks and uncertainties including, but not limited to, risks related to the evolving market for digital video in general, and video-over-IP in particular, the ability to increases sales of newer products, the successful expansion of sales in the United States and with larger cable operators, general economic conditions and other risk factors. Scopus does not undertake any obligation to update forward-looking statements made herein.
