Digital Fusion is a business and information technology consulting company helping its customers make the most of technology to access business information, enhance the performance of their human capital, and meet their business needs. Our success is based on a total approach, providing the people, processes, and technology needed to translate business needs into sound IT strategies. Our services include Application Development and Data Management, Systems Integration, IT Support and Integration, and Intuit® IT Solutions Professional Services.
For additional information visit:
5030 Bradford Drive
Building 1, Suite 210
Huntsville, AL 35805
Point of Contact
Cynthia Smith, 256-955-5531
Email your questions to US Army Space and Missile Defense Command, Deputy Commander at firstname.lastname@example.org
Share Stucture as of 2007-3-27 per 1st Q fins
Authorized Shares: 30,000,000
Outstanding Shares: 11,486,000
Mail: Digital Fusion
5030 Bradford Drive
Building 1, Suite 210
Huntsville, Alabama 35805
* Numara Software
* SPI Dynamics
Digital Fusion wins $118.7 million prime contract
The total value of the contract, which has a five-year base period and one five-year option, is $118.7 million.
Under the ITAC contract, Digital Fusion will support the U.S. Army Space and Missile Defense
Command/U.S. Army Forces Strategic Command (SMDC/ARSTRAT) by leading an integration
contractor team to plan, organize and coordinate operations, tests and analyses with
comprehensive, widely distributed experimental weapons systems, such as Ground Based
Midcourse Missile Defense hardware/element labs, early warning radars, sea-based missile
defense elements, mid and lower tier missile defense elements, or representative element
simulations; and/or other equipment of interest, such as communications network
hardware/simulation, command and control, and/or threat systems data.
The U.S. Army Space and Missile Defense Command
Awards Integrated Test and Analysis Contract to Digital Fusion Team
Document Type: Award Notice
Solicitation Number: W9113M-06-R-0017
Posted Date: May 18, 2007
Original Archive Date: Jun 17, 2007
Current Archive Date: Jun 17, 2007
Classification Code: A -- Research & Development
Naics Code: 541710 -- Research and Development in the Physical, Engineering, and Life Sciences
Contracting Office Address
US Army Space and Missile Defense Command, Deputy Commander,
P.O. Box 1500,
Huntsville, AL 35807-3801
Contract Award Date: May 17, 2007
Contract Award Number: W9113M-07-D-0003
Contract Award Amount: $118,703,488
Contract Line Item Number: 0001-0010
Contractor: Digital Fusion Solutions, Inc. 5030 Bradford Drive, Bldg One Suite 210 Huntsville, AL 35805
Q1 2007 Earnings Release
First Quarter 2007 Highlights
• Revenue of $9.0 million, an increase of $1.9 million over same quarter in the previous year
• Earnings before interest, taxes, share-based compensation, depreciation and amortization
(EBITDA) of $577,000, an increase of $97,000 or 20.2% over same quarter in the previous year
“We are on track in achieving our annual financial goals, and I’m satisfied with our first quarter
numbers, but see room for improvement in the second half of 2007. Based on our marketing
strategy/business development efforts in late 06 and early 07, I remain confident that our second and
third quarters will continue to reflect positive trends, particularly in terms of potential new customers
and an expanding scope of operations with our current customer base…including the potential for
strategic partnerships with similar companies working in our business space. Our El Paso operation is
executing its mission smartly, and I remain confident that our Washington office will meet its goals as
we close this calendar year”, said Lt. Gen. (Ret.) Frank Libutti, Chairman of the Board and Chief
Executive Officer of Digital Fusion.
Digital Fusion Releases Second Quarter 2007 Results
HUNTSVILLE, ALABAMA. – September 12, 2007 Digital Fusion, Inc. (DIGF.PK), an information technology (“IT”), research and engineering, and acquisition and business support services provider today announced financial results for the second quarter ended June 29, 2007.
Second Quarter 2007 Highlights
• Revenue of $11.6 million, an increase of $3 million over same quarter in the previous year
• Earnings before interest, taxes, share-based compensation, depreciation and amortization (EBITDA) of $694,000, an increase of $272,000 or 64.5% over same quarter in the previous year
On January 1, 2007, Digital Fusion, Inc. elected to change its accounting period. The election changes the financial reporting period to a 52-53-week year. For 2007, Digital Fusion will have the following quarterly reporting periods: 1) twelve weeks ended March 23, 2007, 2) fourteen weeks ended June 29, 2007, 3) twelve weeks ended September 21, 2007, and 4) fourteen weeks ended December 28, 2007.
The financial reporting period ended June 29, 2007 is a 14-week period compared to the previous year’s 13-week period (three months) ended June 30, 2006.
For the fourteen weeks ended June 29, 2007, revenues increased to $11.6 million compared to $8.6 million for the second quarter of 2006. For the quarter, GAAP net income was $10,000 and earnings per share was $0.00, compared to GAAP net loss of $305,000 and loss per share of $0.03 for the second quarter of 2006.
For the twenty-six weeks ended June 29, 2007, revenues increased to $20.7 million compared to $15.7 million for the six months ended June 30, 2006. For the twenty-six weeks ended June 30, 2007, GAAP net loss was $90,000 and loss per share, was $0.01 compared to GAAP net loss of $469,000 and loss per share of $0.04 for the six months ended June 30, 2006.
Service revenue increased approximately $2.3 million in the second quarter of 2007 compared to the same quarter in the previous year. The increase in service revenues during the second quarter of 2007 compared to the same quarter in the previous year was primarily related to the increase in the number of billable employees, the NASA Marshall Space Flight Center contract, and growth in engineering and IT services. Reimbursed costs revenue increased $822,000 in the second quarter of 2007 compared to the second quarter of 2006. The increase in reimbursed cost revenue is primarily related to an increase in sub-contract activity and purchases made for customers. Product revenue decreased approximately $64,000 in the second quarter of 2007 compared to the same quarter of the previous year. The decrease in product revenue resulted from a reduction of software re-sales to governmental organizations. Reselling software is not something the company is focused on, and product revenue is not expected to be significant in the future.
“The second quarter met our expectations and the trend lines are looking up in regards to revenue and EBITDA. I remain confident that the second half of the year will continue to reflect positive trends, particularly in terms of potential new customers and an expanding scope of operations with our
current customer base. We are on track in achieving our annual financial goals, and I’m very pleased that we had GAAP net income in the second quarter.”, said Lt. Gen. (Ret.) Frank Libutti, Chairman of the Board and Chief Executive Officer of Digital Fusion.
For more detailed information please visit:
Frank Libutti, Chairman and CEO Lt. Gen. USMC (Ret.)
Gary S. Ryan, President
Edward G. Rawlinson, Chief Operating Officer
Christopher L. Brunhoeber, Chief Financial Officer
Other companies teamed with Digital Fusion:
Integrated Test and Analysis Contract (ITAC)
Digital Fusion Solutions’ team members include AEgis Technologies Group Incorporated,
Analytical Services Incorporated, CAS Incorporated, deciBel Research Incorporated, Millennium
Engineering and Integration Company, and Maximum Technology Corporation with Alion Science
and Technology Corporation and CORD C3I as preferred vendors. The directed subcontractors
are Teledyne Brown Engineering Incorporated, the Boeing Company, Lockheed Martin
Corporation and the Raytheon Company.
USAOTC Test Support Contract
“Research Analysis and Maintenance, Inc. (RAM) has submitted a proposal to the Government to provide test support services to the USAOTC.”
Digital Fusion was selected to join this Team as a contributor
to the engineering and modeling and simulation tasks. Digital Fusion brings direct experience in sensor technologies, high-fidelity simulation and integration with scene generation systems for ground-truth information to stimulate tested system high-fidelity seekers and associated tracker subsystems.
Enterprise Acquisition Gateway for Leading Edge Solutions (EAGLE)
SAIC is a leading practitioner of integrated teaming solutions, using a disciplined, process-driven approach to identify and engage best-of-breed teammates to help our clients achieve their goals and meet their mission objectives. SAIC's systematic teaming approach focuses on ensuring that our customers have access to the most current technologies, leading service providers, and best-practice techniques.
Computer Sciences Corp.
6 year contract valued at $199 Million Started Feb 28, 2005...
CSC's industry team members working on the almost six-year-long contract include Digital Fusion
, IBM, Northrop Grumman's Mission Systems business unit and SAP. They will start working on the contract Feb. 28 at Fort Belvoir, Va., company officials said in the statement
Advanced Systems, Inc. (ASI)
(ASI) is now authorized to accept task orders under both functional areas of the General Services Administration's (GSA) VETS GWAC to provide technology services to the Federal Government. This five-year contract will be the major vehicle for implementing Public Law 108-183 (Veterans Benefit Act of 2003) that establishes a goal of three percent of the value of all federal procurements for SDVOSBs and the President's Executive Order 13360, Contracting with Service-Disabled Veterans Businesses.
Potential of $5 Billion over Five years. Starting Feb '07
A select group of larger companies such as Advanced Research Technologies, Inc., L-3, Digital Fusion, Advanced Technology Systems, Inc., Pragmatics, JHT, Digicon and KPMG provide specialized capabilities to round out Team ASI.