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SMDK FINRA deleted symbol:
http://otce.finra.org/DailyList
See this is still doing the manipulation trades to try and suck in any buyers. Little turd trades.
Nothing since I started watching in Jan.
Small buys at varied pps to try to attract some buyers.
JMO
SMDK SmartDisk Corporation owns and licenses FlashTrax patents. These patents relate to devices and methods for transferring data from flash memory modules, digital cameras, and other such devices to an intermediary repository device, such that the data could be transferred to a laptop or desktop computer at later point of time. The company was incorporated in 1997. It was formerly known as Fintos, Inc. and subsequently changed its name to SmartDisk Corporation. SmartDisk Corporation is headquartered in Fort Myers, Florida. less
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GREYMARKET $SMDK Smartdisk Corp (SMDK)0.02 ? 0.0199 (19900.00%) Volume: 10,500
There are no market makers in this security. It is not listed, traded or quoted on any stock exchange or the OTC Markets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
SmartDisk Corporation SMDK
Grey Market / Common Stock
0.020.0199 ( 19,900.00%) Real-Time OTCBBO No Inside Bid/Offer Trade Time 3:47 PM ET
Contact Info
27499 Riverview Center Blvd.
Suite 244
Bonita Springs, FL, 34134
Website: http://www.smdkcorp.com
Phone: 239-425-4000
Update Company Info
Business Description
SmartDisk is a leading provider of advanced consumer electronic and computer products that are enabling the digital age and simplifying the digital lifestyle. The company's innovative products help users store, transfer, share and preserve digital music, video, pictures and data. Headquartered in the U.S., with operations in Europe and Asia, SmartDisk sells and supports its products worldwide.
BakBone Software Announces Fourth Quarter and Full Year Fiscal 2010 Financial Results PR Newswire "Press Releases US - English "
SAN DIEGO , June 10 /PRNewswire-FirstCall/ -- BakBone Software ® (OTC Bulletin Board: BKBO), a leading provider of storage and data protection software, today announced its financial results for the fourth quarter and full fiscal year of 2010, ended March 31, 2010 .  Included in the fiscal fourth quarter and full year results was a $12.6 million non-recurring, non-cash charge for the impairment of goodwill, intangible, and other assets related to the Company's ColdSpark division.
Fourth Quarter Fiscal 2010 Financial Highlights
Consolidated Revenues
$14.7 million
Consolidated Net Loss
$(12.2) million
Storage Management Revenues
$14.4 million
Storage Management Operating Income
$1.9 million
Storage Management Bookings
$13.7 million
"With the closing of ColdSpark, we are fully focused on driving our storage management business. During the fourth fiscal quarter, we experienced growing demand for our NetVault® product suite, demonstrated by growth in new customers worldwide," said Steve Martin , senior vice president, Chief Financial Officer and Interim CEO, BakBone. "Our new NetVault: FASTRecover and NetVault: SmartDisk offerings have expanded the breadth of our product line, providing us with additional storage solutions to sell to our customer base. We hit our bookings target with $14.1 million for the quarter, which included approximately $375,000 for the discontinued ColdSpark business.
"We took steps during the quarter to reduce personnel costs in select areas of the company to align the BakBone team to better serve the needs of our channel partners and end user customers," Mr. Martin continued. "The entire organization is now directed at driving revenues of our core backup and storage business and improving profitability from continuing operations."
Fiscal Fourth Quarter Financial Results
Fiscal fourth quarter 2010 revenues of $14.7 million were two percent above revenues in the fourth quarter of fiscal 2009. The Company reported a net loss of $12.2 million , or $(0.14) per share, in the recent fourth quarter compared with a net loss of $0.9 million , or $(0.01) per share, in the fourth quarter last year. ColdSpark was acquired on May 14, 2009 , following the close of the fourth quarter of fiscal 2009, and therefore there is no contribution from the division in the fiscal fourth quarter or the full year 2009 results.
Storage management revenues for the fiscal fourth quarter 2010 totaled $14.4 million , virtually unchanged from the $14.4 million in revenues in the fourth quarter of the prior year. Operating income for the storage management business was $1.9 million in the fiscal fourth quarter 2010 compared with an operating loss of $0.3 million in the fourth quarter of fiscal 2009. Storage management net income was $1.7 million for the fiscal fourth quarter 2010.
Fiscal 2010 Financial Results
For the full fiscal year 2010, revenues totaled $61.9 million , 10% above the $56.0 million in revenues in fiscal 2009. The Company reported a net loss for fiscal 2010 of $9.8 million , or $(0.12) per share, compared with a net loss of $5.5 million , or $(0.08) per share, for fiscal 2009.  Bookings for fiscal 2010 totaled $56.5 million .
Storage management revenues totaled $60.8 million for fiscal 2010, an increase of 9% over revenues in fiscal 2009. Operating income for the storage management business was $7.6 million in fiscal 2010 compared with an operating loss of $6.1 million in the prior fiscal year. Storage management net income increased to $7.0 million .
Total cash at March 31, 2010 was $5.0 million .
Conference Call Information
The Company has scheduled a conference call for today, June 10, 2010 , at 2:00 p.m. PT to discuss the results for the quarter ended March 31, 2010 . The call will be hosted by Steve Martin , Interim CEO and Chief Financial Officer of BakBone. ÂÂ
To access the conference call, please dial 800-854-3238; internationally, dial 706-634-9547 (Passcode: 76750537). This call will also be webcast and can be accessed at www.bakbone.com by clicking on "Company Info" and then "Investor Relations." The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.
About BakBone Software
BakBone makes data protection a simple, straightforward process with an award-winning product suite. From real-time data protection to deduplication, disk-based and tape backup and application protection, BakBone's solutions manage resources across all platforms, providing improved operational efficiency, reduced system downtime, improved data and application availability and enhanced security to support the business growth of enterprise environments. For more information about BakBone, visit www.bakbone.com or email info@bakbone.com.
Safe Harbor
This press release contains express and/or implied forward-looking statements including, without limitation, statements regarding anticipated financial results and market developments that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause BakBone's results to differ materially from historical results, or those expressed or implied by such forward-looking statements. The potential risks and uncertainties may include, but are not limited to: risks that the costs of exiting the ColdSpark business will be higher than anticipated; risks that the ongoing weak economic and market conditions, particularly in North America , could continue to lead to reduced spending on information technology products; competition in our target markets; potential capital needs; management of future growth and expansion; the development, implementation and execution of the Company's strategic vision; risk of third-party claims of infringement; protection of proprietary information; customer acceptance of the Company's existing and newly introduced products and fee structures; the success of the Company's brand development efforts; risks associated with strategic alliances; reliance on distribution channels; product concentration; need to develop new and enhanced products; potential product defects; our ability to hire and retain qualified employees and key management personnel; and risks associated with changes in domestic and international market conditions and the entry into and development of international markets for the Company's products. Our forward-looking statements should be considered in the context of these and other risk factors disclosed in our most recent report filed with the Securities and Exchange Commission , which may be found at www.sec.gov, as well as those risk factors disclosed in our current report filed with the relevant Canadian securities regulators, which is available on SEDAR at www.sedar.com. All future written and oral forward-looking statements made by us or on our behalf are also subject to these factors. BakBone assumes no obligation to update any forward-looking statement to reflect events or circumstances arising after the date on which it was made, other than as required under applicable securities laws.
BakBone®, BakBone Software®, NetVault®, Application Plugin Module™, BakBone logo®, Integrated Data Protection™, NetVault: SmartDisk™, Asempra®, FASTRecover™, ColdSpark® and SparkEngine™ are all trademarks or registered trademarks of BakBone Software, Inc. , in the United States and/or in other countries. All other brands, products or service names are or may be trademarks, registered trademarks or service marks of, and used to identify, products or services of their respective owners.
Investor Contact:
Corporate Contact:
Media Contact:
Doug Sherk / Jenifer Kirtland
Steve Martin
Amber Winans
415-896-6820
858-795-7525
858-795-7584
jkirtland@evcgroup.com
IR@bakbone.com
amber.winans@bakbone.com
(Logo:  http://photos.prnewswire.com/prnh/20031120/SDBAKLOGO)
BAKBONE SOFTWARE INCORPORATED
Condensed Consolidated Balance Sheets
(in thousands)
Fiscal Period Ended ÂÂ
March 31, 2010
March 31, 2009
ASSETS
Current assets:
    Cash and cash equivalents ÂÂ
$        4,903
$        8,398
    Restricted cash
51
264
    Accounts receivable, net
10,582
9,646
    Prepaid expenses and other assets
739
1,159
          Total current assets
16,275
19,467
Property and equipment, net
2,020
2,713
Intangible assets, net
1,814
824
Goodwill
7,615
7,615
Other assets
946
939
          Total assets
$       28,670
$       31,558
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities:
     Accounts payable and accrued liabilities
$        7,942
$        9,603
     Current portion of acquisition consideration payable
809
-
     Current portion of deferred revenue
44,337
44,081
          Total current liabilities
53,088
53,684
Deferred revenue, excluding current portion
44,840
47,684
Acquisition consideration payable, excluding current portion
6,037
-
Other liabilities
697
1,337
          Total liabilities
104,662
102,705
Shareholders’ deficit
(75,992)
(71,147)
Total liabilities and shareholders’ deficit
$       28,670
$       31,558
BAKBONE SOFTWARE INCORPORATED
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
Three months ended March 31,
Twelve months ended March 31,
2010
2009
2010
2009
(unaudited)
Revenues:
License and service
$  14,749
$ 14,414
$ 60,368
$ 56,020
Other
-
-
1,500
-
Total revenues
14,749
14,414
61,868
56,020
Cost of revenues
1,696
1,655
6,570
7,121
Gross profit
13,053
12,759
55,298
48,899
Operating expenses:
Sales and marketing
6,378
6,226
26,393
27,010
Research and development
3,474
2,416
13,159
11,220
General and administrative
2,668
4,401
12,402
16,751
Impairment of goodwill and intangible assets
12,450
-
12,450
-
Total operating expenses
24,970
13,043
64,404
54,981
Operating loss
(11,917)
(284)
(9,106)
(6,082)
Other non-operating (expense) income
(268)
(492)
(817)
985
Loss before income taxes
(12,185)
(776)
(9,923)
(5,097)
(Benefit from) provision for income taxes
(2)
107
(171)
354
Net loss
$ (12,183)
$   (883)
$ (9,752)
$ (5,451)
Net loss per common share:
Basic and diluted
$   (0.14)
$  (0.01)
$  (0.12)
$  (0.08)
Weighted-average common shares outstanding:
Basic and diluted
84,176
64,610
84,176
64,615
BAKBONE SOFTWARE INCORPORATED
Condensed Consolidated Statements of Cash Flows
(in thousands)
Twelve months ended March 31,
2010
2009
Cash flows from operating activities:
Net lossÂÂ
$ (9,752)
$ (5,451)
Adjustments to reconcile net loss to net cash used in (provided by) operating activities:
Impairment of goodwill and intangible assets
12,450
-
Depreciation and amortization
2,519
1,626
Non-cash interest expense
565
-
Operating expenses funded by financing arrangement
320
178
Stock-based compensation
210
260
Provision for bad debt
131
258
Loss on disposal of capital assets
12
20
Other changes in assets and liabilities
(8,582)
4,595
Net cash (used in) provided by operating activities
(2,127)
1,486
Cash flows from investing activities:
Cash paid for acquisitions, net of cash received
(1,014)
-
Capital expenditures
(423)
(836)
Release of restricted cash
325
227
Net cash used in investing activities
(1,112)
(609)
Cash flows from financing activities:
Payments on capital lease obligations
(228)
(239)
Payments on long-term debt obligations
(523)
(681)
Net cash used in financing activities
(751)
(920)
Effect of exchange rates on cash and cash equivalents
495
(1,055)
Net decrease in cash and cash equivalents
(3,495)
(1,098)
Cash and cash equivalents, beginning of period
8,398
9,496
Cash and cash equivalents, end of period
$  4,903
$  8,398
BAKBONE SOFTWARE INCORPORATED
Reconciliation of Bookings to U.S. GAAP Revenue (1)
(in thousands)
Three months ended March 31,
Twelve months ended March 31,
2010
2009
2010
2009
(unaudited)
Revenues sourced from current period bookings:
Total bookings for the period
$ 14,107
$ 13,894
$ 56,502
$ 57,738
Bookings deferred into subsequent periods
(13,123)
(12,867)
(40,753)
(43,461)
Revenues from current period bookings
984
1,027
15,749
14,277
Revenues sourced from prior period bookings:
13,765
13,387
46,119
41,743
Total revenues recognized in the period
$ 14,749
$ 14,414
$ 61,868
$ 56,020
(1)  We define bookings as the gross dollars invoiced through the sale of software licenses, maintenance contracts and professional services. We utilize bookings information as an operations measure, but it is not intended to replace U.S. GAAP accounting. Under the ratable revenue recognition method, license bookings are recognized as revenue over the appropriate period (generally three to five years). In general, variations in revenues period-over-period are affected by the amortization of current and prior period license bookings. Accordingly, we believe that trends in current and historical bookings are key factors in analyzing our operating results.
BAKBONE SOFTWARE INCORPORATED
Statement of Operations by Reporting Segment
(in thousands, except per share data)
Three months ended
Twelve months ended
March 31, 2010
March 31, 2010
Storage
Message
Storage
Message
Management
Management
Consolidated
Management
Management
Consolidated
(unaudited)
(unaudited)
Revenues:
License and service
$    14,366
$       383
$    14,749
$    59,324
$     1,044
$    60,368
Other
-
-
-
1,500
-
1,500
Total revenues
14,366
383
14,749
60,824
1,044
61,868
Cost of revenues
1,482
214
1,696
5,774
796
6,570
Gross profit
12,884
169
13,053
55,050
248
55,298
Operating expenses:
Sales and marketing
5,840
538
6,378
24,786
1,607
26,393
Research and development
2,945
529
3,474
11,418
1,741
13,159
General and administrative
2,193
475
2,668
11,234
1,168
12,402
Impairment of goodwill and intangible assets
-
12,450
12,450
-
12,450
12,450
Total operating expenses
10,978
13,992
24,970
47,438
16,966
64,404
Operating income (loss)
1,906
(13,823)
(11,917)
7,612
(16,718)
(9,106)
Other non-operating expense
(266)
(2)
(268)
(808)
(9)
(817)
Income (loss) before income taxes
1,640
(13,825)
(12,185)
6,804
(16,727)
(9,923)
(Benefit from) provision for income taxes
(7)
5
(2)
(176)
5
(171)
Net income (loss)
$     1,647
$    (13,830)
$    (12,183)
$     6,980
$    (16,732)
$     (9,752)
Net income (loss) per common share:
Basic and diluted
$      (0.14)
$      (0.12)
Diluted
$      (0.14)
$      (0.12)
Weighted-average common shares outstanding:
Basic
84,176
84,176
Diluted
84,176
84,176
SOURCE BakBone Software
Looks like another lawsuit ploy to get the pps up
looks like this co is finally moving off death center. could run well above $1.- imo
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