Lionbridge Technologies, Inc. (LIOX), a provider of globalization and off-shoring services, reported Wednesday a fourth-quarter preliminary net loss, hurt by one-time charges and lower revenue. The company also provided revenue guidance for the first quarter.
Lionbridge posted a fourth-quarter preliminary net loss of $118.94 million, or $2.14 per share. Last year the net loss was $3.97 million, or $0.07 per share. Included in the results were a charge of $120.6 million for goodwill impairment and a related tax benefit of about $1.6 million.
Excluding the one-time charge and benefit, preliminary net income was $47,000, or a break-even per share, as compared to net loss of $4.0 million, or $0.07 per share, in the previous year.
On an average, 3 analysts polled by Thomson Reuters expected the company to report earnings of $0.01 per share in the fourth quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter decreased 10.8% to $104.6 million from $117.2 million, reflecting the effect of the stronger Dollar and project delays from certain clients in response to uncertain global economic conditions.
During the quarter the company won a several large new client programs, which is expected to generate $25 million - $30 million in revenues for fiscal year 2009. For the full year 2008, Lionbridge reported a preliminary net loss of $119.3 million, or $2.14 per share. In the previous year, net loss was $4.21 million, or $0.07 per share. Adjusted net loss for the year was $315,000, or $0.01 a share, as compared to $ 4.21 million, or $0.07 a share in the previous year. For the full year, revenue increased 2.1% to $461.4 million from $452.0 million.
The company expects to report first-quarter revenue of $93 million to $102 million. For the full year 2009, it expected to generate revenue growth in constant currency and increase in profitability.
LIOX is currently trading at $1.71, up $0.03 or 1.79%, on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.