Telular Corporation 2001 Annual Report

More documents

Recommendations

Info

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATAThe following financial statements are included in this document.Report of Independent Auditors 19Consolidated Balance Sheets as of September 30, 2001 and 2000 20Consolidated Statements of Operations for the years endedSeptember 30, 2001, 2000 and 1999 21Consolidated Statements of Stockholders’ Equity for the years endedSeptember 30, 2001, 2000 and 1999 22Consolidated Statements of Cash Flows for the years endedSeptember 30, 2001, 2000 and 1999 23Notes to Consolidated Financial Statements 2418 TELULAR CORPORATION
REPORT OF INDEPENDENT AUDITORSThe Board of Directors and ShareholdersTelular CorporationWe have audited the accompanying consolidated balance sheets of Telular Corporation as ofSeptember 30, 2001 and 2000, and the related consolidated statements of operations, stockholders’equity, and cash flows for each of the three years in the period ended September 30, 2001. Thesefinancial statements are the responsibility of the Company’s management. Our responsibility is toexpress an opinion on these financial statements based on our audits.We conducted our audits in accordance with auditing standards generally accepted in the UnitedStates. Those standards require that we plan and perform the audit to obtain reasonable assuranceabout whether the financial statements are free of material misstatement. An audit includes examining,on a test basis, evidence supporting the amounts and disclosures in the financial statements. An auditalso includes assessing the accounting principles used and significant estimates made by management,as well as evaluating the overall financial statement presentation. We believe that our audits providea reasonable basis for our opinion.In our opinion, the financial statements referred to above present fairly, in all material respects,the consolidated financial position of Telular Corporation at September 30, 2001 and 2000, and theconsolidated results of its operations and its cash flows for each of the three years in the period endedSeptember 30, 2001, in conformity with accounting principles generally accepted in the United States.Chicago, IllinoisOctober 26, 2001TELULAR CORPORATION19
Page 1 and 2: Telular Corporation:Providing Wirel
Page 3 and 4: Whether used on a dedicatedWireless
Page 5 and 6: 1202020901010600030Revenuein millio
Page 7 and 8: TODAYThe Product CompanyIt all begi
Page 9 and 10: Telular offers the mostcomplete lin
Page 11 and 12: Back-Up Phone ServiceCellular Publi
Page 13 and 14: TOMORROWTelular Fixed Wireless -
Page 15 and 16: ITEM 1. BUSINESSOVERVIEWBackgroundT
Page 17 and 18: the rapidly growing segment is pre-
Page 19 and 20: line is marketed almost exclusively
Page 21 and 22: of Engineering of the Wireless Grou
Page 23 and 24: facility. On March 7, 2000 U.S. Pat
Page 25 and 26: ITEM 6. SELECTED FINANCIAL DATAThe
Page 27 and 28: The Company’s strategy is to leve
Page 29 and 30: oyalty revenue from Andrew in fisca
Page 31: FORWARD LOOKING INFORMATIONStatemen
Page 35 and 36: CONSOLIDATED STATEMENTS OF OPERATIO
Page 37 and 38: CONSOLIDATED STATEMENTS OF CASH FLO
Page 39 and 40: NOTES TO CONSOLIDATED FINANCIAL STA
Page 47 and 48: The Quality System at Telular Corpo

Telular Corporation 2001 Annual Report

Create successful ePaper yourself

Delete template?

Save as template?