BRLC Syntax-Brillian misses by $0.01, beats on revs; guides Q1 revs below consensus; guides FY08 revs below consensus; announced departure of CFO (6.13 -0.16)
Reports Q4 (Jun) GAAP earnings of $0.11 per share, $0.01 worse than the GAAP Reuters Estimates consensus of $0.12; revenues rose 243.3% year/year to $205.3 mln vs the $198.5 mln consensus. Co issues downside guidance for Q1, sees Q1 revs of $170-180 mln vs. $262.15 mln consensus. Co issues downside guidance for FY08, sees FY08 revs of $1.0-1.1 bln vs. $1.28 bln consensus. Co's current business outlook is reflective of a severe tightening of credit in Asia that has significantly impacted the bank and other credit facilities of their supply chain partner; co sees the combined credit availability of their supply chain partners has been reduced by over $200 mln. Co also announced Wayne Pratt, its chief financial officer, will resign effective September 30, 2007 to take a position working with a longstanding colleague at a start-up company located in Tempe, Ariz.
BRLC getting smoked in AH trading. Down 1.69 to 4.60.