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Wonder if (INFERX) cybersecurity product has anything to do with the goverments cybersecurity product for private buisness. Passed by a 17 to 1 vote in the (HOUSE) still needs to pass senate.
News !!>> InferX Corp Announces Financial Results Third Quarter of Fiscal Year 2011
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Inferx Corp New (QB) (USOTC:NFRX)
Intraday Stock Chart
Today : Monday 21 November 2011
InferX Corporation (OTCQB: NFRX), a market leader in next generation Predictive Analytics products and solutions for the defense, healthcare and intelligence communities, today announced financial results for the third quarter of fiscal year 2011, which ended September 30, 2011.
(Logo: http://photos.prnewswire.com/prnh/20091102/PH03698LOGO)
"It has been a tremendous year so far; we started to see acceleration in the growth of our company, our products, and our profitability. The team has achieved many firsts during this period: a significant new billion dollar customer for implementing a budgeting and financial analysis solution; a new Director of Sales; the continuation of our government business expansion; new enhancements to our technology; significant strides in penetrating the healthcare sector through expected teaming arrangements with major systems integrators; and the preparation for the roll out of a new product in the multi-billion dollar healthcare market. We believe that these significant accomplishments have us poised to launch the company to an exciting and higher level of revenues and profitability" said Vijay Suri, President and CEO.
Summary Operating Results
Through aggressive efforts, the Company's gross profit was $283,806, an increase of 75% or $121,257 from the same quarter in 2010. This increase in gross profit created a gross profit margin of 31%, an increase of 113% from the same quarter in 2010.
The gross profit for the first nine months of 2011 was $924,721, an increase of 150% or $554,543 from the same nine months in 2010. This increase in gross profit created a gross profit margin of 33%, an increase of 241% from the same nine month period in 2010. These increases to both gross profit and gross profit margin were made possible by the Company's continued efforts to maximize revenue from direct labor employees rather than higher costing subcontractors and the reduction of low margin business.
The Company enjoyed a net income of $339,548, an increase of 252% from the net loss in the same quarter 2010. Likewise the Company was able to reduce loss by 27% in the first nine months of 2011 when compared to the same period in 2010. Product enhancement and software development worth $39,519 took place in the third quarter and will continue in the future. The Company is continuing to upgrade its product suite in response to several major potential customers' specifications and overall market needs.
Earnings (Loss) per share for the quarter was $0.02, a 209% improvement from the same period in 2010 and a 129% improvement from June 30, 2011. InferX's growth going forward is based upon an aggressive sales development plan; a comprehensive communications and marketing initiative; hiring of additional sales representatives and the expansion of our external business development functions. InferX believes that these combined efforts will continue to significantly improve its revenue and bottom line in upcoming quarters.
For more information contact Stan Altschuler, (212) 838-1510, Investor Relations, Strategic Universal Advisors.
About InferX Corporation
InferX is the market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX has pioneered and commercialized a powerful, patented suite of advanced data analytical solutions that improve corporate performance across the enterprise in the healthcare, financial services, and government markets. InferX is uniquely capable of delivering secure, real-time, and privacy preserving intelligence and decision support -- all without the need to move data. InferX is headquartered in Sterling, VA. Additional information can be found at www.inferx.com.
Certain statements above, in press releases and oral statements by InferX officials are "Forward-Looking Statements" (FLS) according to the Private Securities Litigation Reform Act of 1995 (the "Act"). FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. See InferX's 10-K for 12/31/10 for a discussion of those risks. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. InferX has no specific intention to update these statements.
(c)2011 InferX Corporation. All rights reserved. All trademarks and company names mentioned are the property of their respective owners.
Web site: http://www.inferx.com
SOURCE InferX Corporation
NFRX big volume surge and more MM's. Nice!
Thank you for the kind sole who joined me in bringing the stock price back today after that pitiful low-bid action on Friday. Though you almost can’t blame the person who dumped - based upon the almost complete lack of action on the part of the Suri – Gogia partners. Wonder if we should consider a change in the same way Ted Leonsis forced the change at Clearspring.
Agreed!! Finally seeing some movement. They are not dead. Website has other changes, albeit small – still seems that someone is paying attention. Since we hear NOTHING from CEO Suri, maybe we can infer that something is happening! Let’s hope so –investing in this group has been part of that wishing and hoping strategy. Come-on Mr. Suri – do something!
I believe two of the openings require top secret clearance.Hope some of these personel are being hired to advance their (Paa- Software) Looks like their getting the right people involved .Just need a little traction ,could go a long way.
Looks like they have 6 job openings on their website,this could get interesting.
If their software saves companies money ,should be a big success is this kind of market.Looks like their getting an internal sales team lined up.Now all we need is some traction with contracts.(SUPER BOWL IN INDIANAPOLIS THIS YEAR) GO COLTS!
We've started to watch Netuitive; a predictive Analytics company in Inferx's backyard. These guys are HOT! They have innovative technology, sales and a great leadership team. Netuitive http://www.netuitive.com/, prime for an M&A deal.
Check out this deal they did with Dell: http://www.networkworld.com/newsletters/nsm/2011/062011nsm2.html
"With Netuitive's software, Morgan Stanley will get end-to-end performance visibility across its virtual data center architecture and be able to forecast performance anomalies, he describes."
Where is Inferx? Monthly, quarterly, yearly loss over loss. We like Netuitive, good products, Dell likes them and is selling their products. This one for us to consider as a backstop to our losses in Inferx.
Q2 finished. What'll we see in the 10Q? We haven't seen any announcements of sales, partnerships or technical advancements! Mr. Suri and Mr. Gogia will we be pleasantly surprised or disappointed again?
If that,s true ,hope it's unregistered or 144 stock .This could be the vote of confidence we need,time will tell .(LET'S GO COLTS)
New stock offering . . . Filed to do a stock raise. Who gets to buy in? Friends of CEO Suri? Why wasn't there an offer to existing investors to be part of this raise? Mr. Suri don't you think we've been loyal enough, after putting up with your lack of leadership, decreased sales, increasing debit, and no news? Maybe this is a special friends and family round in exchange for services - Mr. Suri can you explain what you and your partner Gogia think you're doing?
Bids are starting to stack up ,few sellers .If we get any positive news ,watch out. Inferx I have a little (STICK EM) to help with some traction. (LET'S GO COLTS) Oh yea is there such a thing as (NEWS DEFICIT SYNDROME)
well,,,that was a little sarcasm !!!! we still waiting !!!!!
It's been four days! You said "give it two more days", what was going to happen in two days? Were they going to replace the boy scouts running the company and get some leadership that can generate sales & value?
That's the way it's done!
They must be using multiple brokerages then because there has been an average of 4 different mms buying up these shares lately
Stealth? Nothing mysterious about it one person is making a run!
WOW! What a run today! Infer x's hire of SGA as IR firm is the only smart move Suri and his partner have made since the merger. I was proven wrong, the stock is set as a churn, great for profit taking.
Still no sales, still no announcements, yet there is churn? Fundamentals stink, yet there is a lot of trading without basis. Good for making some cash - had a great day. When all is said and one -at best a ten cent stock
the.chart.is.making.new.highs.after.2.years!!!!maybe.something coming we like,,,, share structure has never been diluted , not at all only 17.6mil share in O/S !!!!!!!!!!!
WHAT IS (STEALTH MODE) ????
business doesn't happen that fast ,,, give it 2 more days ,, PATIENCE, PATIENCE, PATIENCE !!!!!!!
this share/structure info from pinksheets,,,looks current,,,17.6mil/,o/s
Share Structure
Market Value1 $10,601,630 a/o Jun 03, 2011
Shares Outstanding 17,669,383 a/o May 11, 2011
Float Not Available
Authorized Shares 400,000,000 a/o Jun 27, 2009
Par Value 0.0001
I hope they run it up to $5 if that's the case
BTW: 200 customers - that's what CEO Suri promised in the merger. Where are they?
Something's wrong. No sales, no new revenue, no new customers - yet the stock price continues to climb on the purchase by a select few. Is this being orchestrated by insiders? A potential take over? Are we being set-up for a fall?
I had a dream that MAstercard bought their software and signed a deal for 5 Mil, just a dream here, second dream was a buy out from a big player for $10 bucks a share. Take your pick.
oh well, never hurts to dream a little
Someone's running up the stock. Good from a price perspective - hope we're not being set-up for a "short sell" collapse!
Mr. Suri when are you going to sell something and show us some value?????
When we get off the pink sheets ,hope we have new long term investors getting involved.
10Q out, cost of revenues went down, nice...
We will see how this plays out .Mr. Croslin used to be on the mergers and acquisition teams of (VERIZON & HEWLETT PACKARD)
InferX CTO Out!!!! Inferx hires new Chief Technologist! Is this another of Mr. Suri's 'flash in the pan' events or a serious change in the direction of the company. Scary that they are dumping CTO Bala, he has authorship on their current patents. No sales, no announcements of partnerships or channel relationships - when will this ship right itself? Is it time for Gogia and Suri to GO?
Biggest trade today 50,000 shares, average of trades about 15,000 shares .Not real large blocks , hope it becomes more liquid. Maybe the radar is picking something up. (Blue Stampede)
Just one contact with a mastercard or aetna for their software and boom...they are more vested in this than us considering they own the majority of the float...come on guys you can do it...jmo
how bout a 10Q with some SALES!!!!
Traction! We could only hope! What the heck are these guys doing? According to the 10k, after 17 months these two partners (Gogia & Suri) have only sold $20k of Predictive Analytics services! Where are the software sales? Now they are chasing SaaS and PaaS - where are the software sales? Where is the focus from these guys? Is it time for new leadership?
Conference call is critical here. We've all been asking for months - no joy! Best we can expect from this new strategic consultant is more news, more IR, more investor movement. But, it appears that all the money and stock Gogia & Suri have thrown at advisors like Coady Diemar, the unnamed advisor and now this new team has not shown any results. Nothing!
Did you read how their going to (SaaS & PaaS) Software as a service and Platform as a service .Basically the (PaaS) is the cloud.If we get some traction, should be a lot of upside potential.We've been in the dark for a while, hopefully the clouds lift and the sun shines thru. (Lets Go Colts)
How about they maybe sell some of their commercial product software, would that be too much to ask. All we keep hearing from them isthat they are the best, yet I have still not seen a single pr or 10k with any public sale or contract in any sector. This 4 person Mgical Sales Squad should get paid on commission only, then we might see some RESULTS HERE!! JMO
I see our investors relation consultant has 600,000 shares.Not a lot of loose shares hanging around.Hope shares are held tight.Maybe we'll have some news or have a conference call in the next six months.
True to form: filed an extension for the 10K.
http://ih.advfn.com/p.php?pid=nmona&article=47092255
Will they make it by the 15th or repeat last year's debacle?
Convinced technology works! No confidence that Gogia and Suri can pull it off for the company or the investors. Been 15 months since word of KDSL and NAVAIR. Nothing. Haven't been able to convert! If they couldn't create a spark in 15 months for those "flash in the pan" events, what gives us any confidence that another 6 months will be any different? Mr. Gogia and Mr. Suri clearly can't pull this off, they don't deserve any credit.
Convinced technology works! No confidence that Gogia and Suri can pull it off for the company or the investors. Been 15 months since word of KDSL and NAVAIR. Nothing. Haven't been able to convert! If they couldn't create a spark in 15 months for those "flash in the pan" events, what gives us any confidence that another 6 months will be any different? Mr. Gogia and Mr. Suri clearly can't pull this off, they don't deserve any credit.
The company still has KDSL and NAVAIR with IBM on the table ,I believe. Next six months should give us a better insight to what is going on.Remember most pink sheet stocks never become listed on a major exchange.IF this technolgy works and becomes accepted by the marketplace ,we have a winner.If Mr. Gogia and Mr. Suri can pull this off , they deserve all credit in the world.(Let's Go COLTS)
Oh Yeah! Bang-up job? Typical of InferX - run up the stock price, can't sustain the strength of the value. Got to ask Where's the PR? Where's the IR? Where are the sales? Same ol' boy story from Mr. Gogia and crew!
How much longer will we let this go on? Will investors only take action once the technology is eclipsed by others?
10Q? We need the 2010 10k. Looks like, once again these guys will not file on time! Will they be able file by 15 April? Or, a repeat of 2009 annual filing?
Global Advisors doing a bang up job so far...
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InferX 2.0 (Merger of InferX and The Irus Group)
We announced our intent to merge with The Irus Group to optimize the business and build shareholder value. Since August 2008 we have been working with The Irus Group under an MOU which laid the foundation of working with them as a partner and then specific teaming opportunities in Healthcare and Government sector. The significant synergies and close cooperation between InferX and The Irus Group led to the decision to merge. Irus Group is a top business intelligence and corporate performance management solution provider that works with several major financial services firms and government organizations to turn their data into information and their information into knowledge, which leads to better business decisions. This business objective is similar to the focus of InferX. The Irus Group also has a long history of providing planning and budgeting solutions to financial management at some of the world's largest commercial and government customers which will help InferX 2.0 capitalize on cross selling opportunities for our product suite. The Irus Group's 2008 revenues were approximately $6.0 million, and it is profitable. To comply with SEC rules, its financial statements are being audited by InferX's auditors.
We believe that the clients of the impacted businesses, as well as InferX shareholders, will be in a better position to optimize value as a result of this merger. We will continue to manage our businesses with this principle in mind, and we are focused on delivering results that support InferX 2.0. We made a series of structural changes as we entered in the New Year: integrating our organization structure, bringing new leaders, enhancing capital management, and better aligning our incentive structure to promote sales of products and solutions. We are at a crossroads and making important decisions in 2009 about the company we aspire to be. Altering the mix of businesses that compose InferX was among the most transformational actions taken until now.
As part of InferX 2.0, we adopted a principle that we would only participate in businesses where we either have - or could project - a clear path to a leadership. As a merged entity, we believe we possess those characteristics in our financial businesses; we determined that operating in the Government Sector, Healthcare Sector and Financial Services Sector would allow us to maximize shareholder value. Although our first priority is the integration of The Irus Group, we will continue to consider opportunities to expand our scale and differentiation through acquisition.
Innovation is also a driving force of InferX 2.0. We are grateful to our technical management team and believe that their creativity, innovation and tenacity will produce even greater results in the future. It is our people who continue to make the difference.
As management, we know that our ultimate responsibility is to provide value to clients and strong returns for shareholders. Regardless of near-term share price performance, we are confident that we have taken the actions that should provide attractive returns for our shareholders for many years.
The New InferX
Inside the company we refer to ourselves as "The New InferX" to reflect the many actions we are taking in 2009 and the vast opportunities we believe await us. We have lot of work ahead of us and once the complete integration has taken place and reporting is done for Q2 2009, we will be able to share forward looking pro-forma projections of The New InferX with our shareholders. We have a low capital business model which we believe will deliver attractive earnings, operating margins and cash flow.
We enter 2009 with what we believe will make us the leading provider of next generation business intelligence and predictive analytics solutions for the broad financial services industry. We offer a variety of leading solutions in healthcare fraud, financial services risk management and complex intelligence analysis in the government sector. Our goal is to not only deliver the products that we have today, but to increase integration and innovation so that we can provide even more client value in the future. That is the essence of The New InferX.
We envision The New InferX playing a larger role with increased focus on the end-users of our technology. We are increasing our thought leadership and product innovation to ensure that InferX clients are the beneficiaries of the best technology solutions available.
We believe that our shareholders will benefit from a strong focus on profitable growth during 2009. We are developing a new business model that focuses on recurring revenue and that is based on achieving profitability. We expect to extend our broad operating competencies across an enterprise to enhance the results from licensing our software suite and to generate cash flow that will be managed with the goal of optimizing shareholder value.
B.K.Gogia
Chairman of the Board
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