American Medical Alert Corp. Issues Guidance for Fiscal 2010 and 2011
Published: Aug 11, 2010
OCEANSIDE, N.Y.--(BUSINESS WIRE)--American Medical Alert Corp. (NASDAQ: AMAC) announced its guidance for 2010 and longer term outlook for 2011. The Company projects that gross revenues, consisting primarily of monthly recurring revenue (MRR), will increase by approximately 3% to $40,500,000 for 2010 as compared to 2009. The Company is also projecting that gross revenues will increase from 8% to 11% in 2011 as compared to projected 2010 results. The Company believes starting with the third quarter of 2010, revenues, within both segments, will increase at a greater pace over the next eighteen months.