Syntax-Brillian Corporation Raises Revenue Guidance
Syntax-Brillian Corporation Raises Revenue Guidance for Quarter Ended September 30, 2006
TEMPE, Ariz.–(BUSINESS WIRE)–Oct. 12, 2006–Syntax-Brillian
Corporation (Nasdaq: BRLC), one of the fastest-growing manufacturers
of HDTVs in North America, announced today that it has raised its
revenue guidance for its first fiscal quarter ended September 30,
"In our quarterly conference call on August 22, 2006, we provided
revenue guidance for the quarter ended September 30, 2006 of $65
million to $75 million on unit volumes of 120,000 to 135,000 units,"
said Wayne Pratt, Syntax-Brillian's Executive Vice President and Chief
Financial Officer. "While the results of the quarter have not yet been
finalized, we believe that revenue for the quarter will be above the
high end of that range on stronger than expected unit volumes.
Additionally, we believe that gross margins will be within the range
of 15% to 17% that we had previously forecasted," he continued.
Syntax-Brillian expects to report its financial results for the
quarter ended September 30, 2006 on or shortly after November 2, 2006.
About Syntax-Brillian Corporation
Syntax-Brillian Corporation (www.syntaxbrillian.com) is one of the
world's leading manufacturers and marketers of LCD and LCoS(TM) HDTVs
and digital entertainment products. The company's lead products
include its Olevia brand (www.olevia.com) of widescreen HDTV-ready and
HD built-in LCD TVs — one of the fastest-growing global TV brands —
and its next-generation Gen II LCoS(TM) 720p and 1080p rear-projection
HDTVs for the high-end video/audio market. Syntax-Brillian's global
supply chain, Asian operations, and North American sales channels
position the company as a market leader in consumer and high-end HDTV
and digital entertainment products.
Brillian and LCoS are trademarks or registered trademarks of
Certain statements contained in this press release may be deemed
to be forward-looking statements under federal securities laws, and
Syntax-Brillian intends that such forward-looking statements be
subject to the safe harbor created thereby. Such forward-looking
statements include, but are not limited to, statements regarding (i)
the amount of revenue and gross margin to be reported for the quarter
ended September 30, 2006, and (ii) the expected date of reporting
financial results for the quarter ended September 30, 2006.
Syntax-Brillian cautions that these statements are qualified by
important factors that could cause actual results to differ materially
from those reflected by the forward-looking statements contained
herein. Such factors include (a) changes in estimates related to
revenue and sales returns and allowances; (b) changes in estimates
related to cost of sales and related vendor credits; (c) the ability
to generate, analyze, and provide appropriate accounting data to the
Company's auditors in a timely manner in order to complete the
quarterly review; and (d) other risks as detailed in the Company's
Annual Report on Form 10-K for the year ended June 30, 2006.