5/24/07

Radyne (RADN)

Website: www.radn.com

Communication Solutions That Keep You Up To Speed.

Overview

Radyne fell short of earnings expectations last quarter reporting $0.10 while the street was looking for $0.15. The stock has been beaten down somewhat as a result (14% on the year) however, we believe it has great growth prospects, a good management team, and superior products that can lift it to new highs.

Established in 1980, Radyne Corporation (Nasdaq: RADN) supplies the satellite industry with an extensive portfolio of modems, converters, encoders and amplifier products and accessories. Radyne is headquartered in Phoenix Arizona, with ISO 9001 certified design and manufacturing facilities in Phoenix Arizona, Santa Clara and San Diego California. Radyne's sales and support offices are located worldwide in Europe, Asia, Latin America and Africa to ensure timely, knowledgeable support to a broad based international set of customers. 

RADN Investor Highlights

• Reported quarterly bookings of $35.4 million, the second strongest bookings quarter in the company's history. Bookings for the first quarter of 2006 were $32.7 million. Backlog at quarter end stood at $31.1 million.
• Received follow-on orders for over $4.1 million of DM-240 satellite modulators, DD-240 broadcast receivers and related accessories from a major direct-to-home (DTH) television broadcast distributor. The orders will ship during the second quarter.
• Announced that its Xicom Technology subsidiary received an order for $3.6 million for power amplifiers as an additional procurement for the Ground Multi-Band Terminal (GMT) program. The amplifiers are scheduled to ship during 2007.
• Announced that its Xicom Technology division received a follow-on procurement order for $1.4 million for Ka-band power amplifiers to be used in terminals for the U.S. Air Force's Wideband Global System
• Received more than $6.7 million in follow-on orders from DirecTV Group Inc. for power amplifiers and satellite modulators. The orders, to be used in the DirecTV's high-definition TV expansion, are shipping during the first three quarters of 2007.
• Received an order for $1 million of its new DMD-50 high speed satellite modem from an Asian defense agency. The DMD-50 is one of Radyne's new generation of modems that addresses the need for cost-effective, high-speed communications supporting up to 50 Mbps.

Profile

Radyne Corporation (RADN) designs, manufactures, sells, integrates and installs products, systems and software used for the transmission and reception of data and video over satellite, troposcatter, microwave and cable communication networks. 

The Company, through its Tiernan subsidiary, is a supplier of HDTV and SDTV encoding and transmission equipment. The Xicom Technology subsidiary is a producer of high power amplifiers for communications applications. Radyne is headquartered in Phoenix, Arizona, has manufacturing facilities in Phoenix, Arizona, San Diego, California, and Santa Clara, California and sales offices in Singapore, Beijing, Jakarta and the United Kingdom. The Company also has sales and/or service centers in Sao Paulo, Bangalore, Shanghai and Moscow.

Radyne Corporation is structured into three business units to maintain sharp focus on the key technologies and products its customers need and demand.

Radyne's Phoenix division focuses on satellite and terrestrial transmission equipment that address the challenges facing both military and commercial sectors. Radyne's core products consist of satellite modems, converters, broadcast modulators, custom engineered products and system solutions. These products are installed and being used in over 150 countries worldwide.

Radyne's Xicom Technology division manufacturers a full line of Traveling Wave Tube, Solid State, and Klystron amplifiers supporting communications power generation in C, X, Ku, DBS, Ka, Q-band, as well as Triband (C/X/Ku) operation. Amplifiers are available for both fixed and mobile markets in rack mount and antenna mount packages.

Radyne's Tiernan division designs and manufacturers professional grade digital video and audio compression and transmission products used by Television broadcasters, common carriers, cable Television operators and Audio broadcasters worldwide. A leader in providing High Definition encoders for the last ten years, Tiernan HD encoders and decoders have been used in numerous high profile events where ease of use, service and reliability are key. The HE4000 encoder typifies Tiernan's products, and is the only commercially available unit that provides simultaneous High Definition and Standard Definition encoding. An embedded Web Browser and built in DVB modulator make this unit ideal for contribution and distribution applications.

Recent News and Press Releases

Radyne's AeroAstro Awarded $1.6 Million Asset Tracking Network Infrastructure Contract

Radyne's AeroAstro Business Unit Receives $2.1 Million in New Contracts

Radyne Completes Acquisition of AeroAstro

Radyne Reports Record Bookings, 14 Cents EPS

Radyne to Acquire AeroAstro

Radyne's Tiernan Division Selected for Asian Home Land Security Early Warning Network

Radyne Receives $2.1 Million Direct-to-Home Order

Radyne Receives $4.1 Million Satellite Electronics Order

Radyne Receives $3.6 Million GMT Amplifier Order

Radyne Reports Near Record Bookings

Radyne Receives Over $6.7 Million in Orders From DirecTV

Radyne's Xicom Technology Division Receives $1.4 Million Ka-band Amplifier Order

Radyne Receives $1.0 Million High Speed Modem Order

For the latest News and Quotes on RADN Click Here.

Three Month Chart

Contacts

Radyne Corporation

3138 East Elwood Street
Phoenix, Arizona
85034
Phone: 602-437-9620
Fax. 602-437-4811

SEC Filings

RADN filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.

Disclaimer

SmallCapReview.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. For continuing coverage of RADN, please sign up for our free newsletter. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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