L-1 Identity Solutions Inc. (ID) announced preliminary results for the fourth quarter and full year ended December 31, 2009.
Based on a preliminary review of fourth quarter 2009 results, the company expects revenue of approximately $160.0 million and adjusted EBITDA in the range of $23.0 million-$25.0 million.
The decrease from previously announced expectations of revenue between $180.0 million and $190.0 million and adjusted EBITDA in the range of $30.0 million-$35.0 million is due primarily to the delay in the award of an enterprise license with an existing U.S. customer. Less than anticipated revenues on an enrollment services program also contributed to the lower sales number.
For the full-year ended December 31, 2009, revenue is expected to be approximately $650.0 million, down from the previously anticipated range of $670.0 million-$680.0 million. The company expects adjusted EBITDA to be between $95.0 million-$97.0 million compared to prior range of $102.0 million-$107.0 million.
Preliminary expectations provided for the full year ending December 31, 2010 remain unchanged at revenue of between $750.0 million and $775.0 million and adjusted EBITDA in the range of approximately $110.0 million-$120.0 million.
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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.