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EVOL can we get us a 20% return? before the end of the year
BREAKING NEWS: $EVOL Three UK Migrates Evolving Systems' Total Number Management (TNM(TM)) to Microsoft Azure in OSS/BSS Transformation Programme
ENGLEWOOD, Colo., Sept. 29, 2020 (GLOBE NEWSWIRE) -- Evolving Systems, Inc. (NASDAQ: EVOL), a leader in real-time digital engagement solutions and services, is proud to announce that its proven TNM solution has been deployed at Three UK on Microsoft Azure for the management of Thre...
In case you are interested EVOL - Three UK Migrates Evolving Systems' Total Number Management (TNM(TM)) to Microsoft Azure in OSS/BSS Transformation Programme
Can’t figure out where the bottom is in this stock
News: $EVOL Evolving Systems Reports its 2018 Year-End and Fourth Quarter Financial Results
ENGLEWOOD, Colo., April 04, 2019 (GLOBE NEWSWIRE) -- Evolving Systems, Inc. (NASDAQ: EVOL), a leader in real-time digital engagement, today reported financial results for its fourth quarter and full year ended December 31, 2018. 2018 Financial Results Highlights: 2018 revenues ...
Find out more https://marketwirenews.com/news-releases/evolving-systems-reports-its-2018-year-end-and-fourth-quarter-financial-results-7947900.html
PITON CAPITAL PARTNERS LLC has filed a new activist 13D, reporting 5.3% ownership in $EVOL - https://fintel.io/so/us/evol
Out EVOL flat/slight loss this morning PM. Tough comps coming up, and clearly the transition to SAAS hurt revenues. And no divvy, so no reason to hold here IMO. May check back in if it goes under $4
Nice day EVOL. Bought in around $5 and averaging up
Following suit. Matched the inside buyer. First entry. Godspeed
Insider Buying: New Board Member, Matthew Stecker
http://ih.advfn.com/p.php?pid=nmona&article=70845082
Trading at Late 2012 & Early 2013 Levels Here
Evolving Systems, Inc. [$EVOL] due diligence
bullish 50% in a week on margin
$EVOL
DD Notes ~ http://www.ddnotesmaker.com/EVOL
##### recent news/filings ~ source: finance.yahoo.com
Thu, 03 Jul 2014 11:45:26 GMT ~ Evolving Systems (EVOL) Jumps: Stock Rises 5.1%
[Zacks] - Evolving Systems Inc. (EVOL) was a big mover last session, as the company saw its shares rise over 5% on the day.
read full: http://finance.yahoo.com/news/evolving-systems-evol-jumps-stock-114526879.html
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Wed, 02 Jul 2014 12:34:18 GMT ~ Will Evolving Systems (EVOL) Continue to Surge Higher?
[Zacks] - Will Evolving Systems (EVOL) Continue to Surge Higher?
read full: http://finance.yahoo.com/news/evolving-systems-evol-continue-surge-123418863.html
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Thu, 26 Jun 2014 11:00:00 GMT ~ Evolving Systems Announces Its Largest First Use Activation (FUA) License Order to Date
[Marketwired] - Evolving Systems, Inc. , a leader in activation, enablement and management of services for connected mobile devices worldwide, today announced that a major Tier-1 operator in Africa has ordered a significant ...
read full: http://finance.yahoo.com/news/evolving-systems-announces-largest-first-110000635.html
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Mon, 23 Jun 2014 20:07:02 GMT ~ EVOLVING SYSTEMS INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
read full: http://biz.yahoo.com/e/140623/evol8-k.html
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Mon, 16 Jun 2014 11:27:44 GMT ~ Comverse (CNSI) Jumps: Stock Rises 7.6% in Session
read full: http://finance.yahoo.com/news/comverse-cnsi-jumps-stock-rises-112744352.html
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##### chart ~ source: stockcharts.com
##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/EVOL/company-info
Ticker: $EVOL
OTC Market Place: Not Available
CIK code: 0001052054
Company name: Evolving Systems, Inc.
Company website: http://www.evolving.com
Incorporated In: DE, USA
##### extra dd links
Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001052054&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/EVOL/filings
Latest financials: http://www.otcmarkets.com/stock/EVOL/financials
Latest news: http://www.otcmarkets.com/stock/EVOL/news - http://finance.yahoo.com/q/h?s=EVOL+Headlines
Major holdings: http://data.cnbc.com/quotes/EVOL/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=EVOL+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/EVOL.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=EVOL
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=EVOL&search=search
DTCC: http://search2.dtcc.com/?q=Evolving+Systems%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Evolving+Systems%2C+Inc.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Evolving+Systems%2C+Inc.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.evolving.com
Alexa: http://www.alexa.com/siteinfo/http://www.evolving.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.evolving.com
Short Sales: http://www.otcmarkets.com/stock/EVOL/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/EVOL/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/EVOL/research
Historical Prices: http://finance.yahoo.com/q/hp?s=EVOL+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=EVOL+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=EVOL+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=EVOL+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=EVOL+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=EVOL+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=EVOL
Balance Sheet: http://finance.yahoo.com/q/bs?s=EVOL
Cash Flow: http://finance.yahoo.com/q/cf?s=EVOL+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/EVOL
Bloomberg: http://www.bloomberg.com/quote/EVOL:US
Morningstar: http://quotes.morningstar.com/stock/s?t=EVOL
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=EVOL
Barchart: http://www.barchart.com/quotes/stocks/EVOL
OTC Short Report: http://otcshortreport.com/index.php?index=EVOL
Investopedia: http://www.investopedia.com/markets/stocks/EVOL/?wa=0
http://www.pennystocktweets.com/stocks/profile/EVOL
##### last known share structure ~ source: otcmarkets.com
Market Value: $108,293,687 a/o Jul 07, 2014
Shares Outstanding: 11,631,975 a/o May 01, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
##### business description ~ source: otcmarkets.com
DD Notes ~ http://www.ddnotesmaker.com/EVOL
rldd
..
Evolving Systems' Tertio(R) Solution Supports High-Capacity Next Generation Network Expansion
Press Release: Evolving Systems – 1 hour 33 minutes ago.. .
ENGLEWOOD, CO--(Marketwire - Nov 20, 2012) -
•South Asian Operator to rely on leading service activation solution as it gets ready for 3G
Evolving Systems, Inc. ( NASDAQ : EVOL ), a leading provider of strategic solutions to telecom operators worldwide, today announced that the Company's Tertio® Service Activation solution will help drive a long standing South Asian customer's launch of new services on its next-generation network. Evolving Systems' convergent mediation solution, Evident®, will also be used to support voice, data and content services with real-time quality of service billing.
After carrying out an in-depth evaluation, the operator highlighted the need for a centralized provisioning system and selected Evolving Systems' Tertio as the best platform to support its move to a next-generation 3G-ready network. Underlining the strength of its longstanding relationship, Evolving Systems was one of very few vendors retained by the operator through its network transition process.
The network upgrade will deliver increased capacity and ensure the operator is ready to accommodate 3G services when they come on stream. The company expects to grow its subscriber base from its current figure of approximately 29 million as it expands market share through the new network. Tertio will be used to activate all new subscribers, playing a key role in managing expected future network growth.
As part of the upgrade, a new home location register (HLR) will be deployed, allowing the operator to migrate subscribers from the old database onto a new one.
Thad Dupper, Chairman, President and CEO of Evolving Systems, remarked, "It is a testament to the strength of our relationship with this customer, as well as the trust they have in our Tertio solution to support next generation services, that the operator has chosen to retain our solution through this key stage in its development."
About Evolving Systems®
Evolving Systems, Inc. ( NASDAQ : EVOL ) is a provider of software and services to 50 network operators in over 40 countries worldwide. The Company's product portfolio includes market-leading activation products that address subscriber service activation, SIM card activation, mobile broadband activation as well as the activation of connected devices. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, India and Malaysia. Further information is available on the web at www.evolving.com.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the United States' Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, Evolving Systems' statements about the impact and ability of Evolving Systems' Tertio and Evident solutions to handle future needs of the customer mentioned in this press release are forward-looking statements. Readers should not place undue reliance on these forward-looking statements, and Evolving Systems may not undertake to update these forward-looking statements. Actual results could differ materially because of many factors, such as internal budgeting changes of customers, the impact of competition and the general state of the telecommunications industry. For a more extensive discussion of Evolving Systems' business, please refer to the Company's Form 10-K filed with the U.S. SEC on March 30, 2012, as well as subsequently filed Forms 10-Q, 8-K and press releases and the Company's website at www.evolving.com.
..
Evolving Systems Reports Third Quarter 2012 Financial Results
Press Release: Evolving Systems – 14 minutes ago.. .
ENGLEWOOD, CO--(Marketwire - Nov 13, 2012) - Evolving Systems, Inc. ( NASDAQ : EVOL )
Total revenue of $6.8 million, up 60% year over year
Net income from continuing operations of $1.2 million vs. loss of $0.1 million in 2011
Adjusted EBITDA from continuing operations of $1.9 million, up from a loss of $0.2 million in 2011
Company declares fourth quarter dividend of $0.05 per share to stockholders of record on November 30, 2012, payable December 21, 2012
Evolving Systems, Inc. ( NASDAQ : EVOL ), a leading provider of strategic solutions to telecoms operators worldwide, today reported continued profitable growth for its third quarter and nine-month period ended September 30, 2012.
"Evolving Systems' third quarter was highlighted by revenue increasing 60% year over year," said Thad Dupper, Chairman and CEO. "It was our second consecutive quarter of 50% plus revenue growth with all of our key operating and financial metrics showing continued solid growth. We were also pleased to see our core products -- Tertio® Service Activation (TSA) and Dynamic SIM Allocation™ (DSA) -- post strong booking and revenue results. TSA saw growth as carriers continued to upgrade to LTE and 4G technologies; and with DSA, we closed our first sale in China -- a strategically important market that offers tremendous growth potential for us."
Third Quarter Highlights
•Revenue increased 60% to $6.8 million year over year. License and services revenue grew 147% to $4.7 million. Customer support revenue was $2.1 million.
•Operating income increased to $1.7 million -- a $2.2 million positive swing over the third quarter last year.
•Net income from continuing operations increased to $1.2 million from a net loss from continuing operations of $0.1 million last year. Diluted net income per share from continuing operations was $0.11 versus a loss of $0.01 last year.
•Adjusted EBITDA from continuing operations was $1.9 million, up from an adjusted EBITDA loss of $0.2 million in the same quarter last year.
•Balance Sheet: Cash and cash equivalents at September 30, 2012, were $12.4 million. In the first half of 2012 the Company returned approximately $41.4 million to stockholders through special dividends, which accounts for the lower September 30, 2012, cash and marketable securities balance relative to the 2011 year end total of $50.7 million.
•Dividend Update: The Company declared a fourth quarter dividend of $0.05 per share to stockholders of record November 30, 2012, payable December 21, 2012.
Nine-Month Highlights
•Revenue increased 38% to $19.4 million year over year. License and services revenue was $13.0 million, up 83% year over year. Customer support revenue was $6.4 million.
•Operating income improved to $3.8 million, a $5.9 million positive swing over an operating loss of $2.1 million in the same period last year.
•Net income from continuing operations increased to $4.1 million from a loss from continuing operations of $1.4 million year over year. Diluted net income per share from continuing operations was $0.36 versus a loss of $0.13 last year.
•Adjusted EBITDA from continuing operations was $4.6 million through nine months versus an adjusted EBITDA loss of $0.4 million in the same period last year.
Bookings and Backlog Highlights
•Q3 bookings totaled $7.0 million, including $5.0 million in license and services bookings -- the best quarter of the year in this category. Q3 DSA license and services bookings were $2.3 million while TSA license and services bookings were $2.7 million. In the third quarter of 2011, the Company booked $7.8 million in total orders, $5.4 million of which was attributed to license and services, including the largest ever order for DSA from a tier 1 customer in Russia.
•9-month bookings were up 11% to $18.4 million year over year. License and services bookings grew 27% to $13.0 million. DSA license and services bookings increased 4% to $6.0 million. Tertio license and services bookings increased 57% to $6.9 million. Bookings are defined as new, non-cancelable orders expected to be recognized as revenue during the following 12 months.
•Total backlog at September 30, 2012, increased 13% to $11.6 million year over year. License and services backlog was up 30% to $7.6 million. DSA license and services backlog increased 11% year over year to $4.7 million. TSA license and services backlog grew 80% to $2.9 million. Customer support backlog was $4.0 million versus $4.4 million a year ago.
Third Quarter Conference Call
The Company will conduct a conference call and webcast today at 2:30 p.m. Mountain Time. The call-in numbers for the conference call are 1-877-303-6316 for domestic toll free and 650-521-5176 for international callers. The conference ID is 38427070. A telephone replay will be available through November 27, 2012, and can be accessed by calling 1-855-859-2056 or 1-404-537-3406, passcode 38427070. To access a live webcast of the call, please visit Evolving Systems' website at www.evolving.com. A replay of the Webcast will be accessible at that website through November 27, 2012.
Non-GAAP Financial Measures
Evolving Systems reports its financial results in accordance with accounting principles generally accepted in the U.S. (GAAP). In addition, the Company is providing in this news release non-GAAP financial information in the form of net income, diluted net income per share and adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, impairment, stock compensation and gain/loss on foreign exchange transactions.) Management believes these non-GAAP financial measures are useful to investors and lenders in evaluating the overall financial health of the Company in that they allow for greater transparency of additional financial data routinely used by management to evaluate performance. Investors and financial analysts who follow the Company use non-GAAP net income and non-GAAP diluted income per share to compare the Company against other companies. Adjusted EBITDA can be useful for lenders as an indicator of earnings available to service debt. Non-GAAP financial measures should not be considered in isolation from or as an alternative to the financial information prepared in accordance with GAAP.
That post is yellow-sticky Chart-Freeze worthy!
Freeze the chart and yellow-sticky it.
Good post J.
OHHHHHH! Look what we missed;
LOL!!!!!!!!!!!
Whaaaat?
ENGLEWOOD, CO--(Marketwire -11/10/11)- Evolving Systems, Inc. (NASDAQ: EVOL - News), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced it will distribute approximately $22.0 million in cash to stockholders in the form of a $2.00 per share one-time special dividend payable on January 3, 2012 to stockholders of record as of December 12, 2011.
And that explains the gap down: the good old Div
KAREN ROCKS! You gotta admit - she still has it going on! She's such a pimp!!
Looks like Karen still holds the same amount a year later.
That's soooooo disappointing.
Just strolling down Memory lane:
http://www.sec.gov/Archives/edgar/data/1052054/000110465912029054/0001104659-12-029054-index.htm
Karen Singer, Trustee of the
Singer Children’s Management Trust (13)
212 Vaccaro Drive
Cresskill, NJ 07626
2,469,694 shares or 22%
EVOL 1Q earnings 5-8-12 AMC
Evolving Systems Sets Date for 2012 First Quarter Financial Results News Release and Conference Call
Press Release: Evolving Systems – Mon, Apr 30, 2012 12:06 PM EDT.. .
.
ENGLEWOOD, CO--(Marketwire -04/30/12)- Evolving Systems, Inc. (EVOL - News), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced it will release its 2012 first quarter financial results after the market closes on May 8, 2012, and conduct a conference call the same day at 2:30 p.m. Mountain Time (30 p.m. Eastern Time).
~ Monday! $EVOL ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $EVOL ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=EVOL&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=EVOL&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=EVOL
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=EVOL#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=EVOL+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=EVOL
Finviz: http://finviz.com/quote.ashx?t=EVOL
~ BusyStock: http://busystock.com/i.php?s=EVOL&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=EVOL >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
How long do you think it will take the stock to reach the near $8/share after this last dividend adjustment?
On 7-1-11 Closes Sale of Numbering Solutions Business to Neustar, Inc.
(link back to definative agreement)
Press Release Source: Evolving Systems On Friday July 1, 2011, 10:15 am EDT
ENGLEWOOD, CO--(Marketwire - 07/01/11) - Evolving Systems, Inc. (NASDAQ:EVOL - News), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced it has closed the sale of its Numbering Solutions business to Neustar, Inc. (NYSE:NSR - News) for approximately $39.0 million in cash and the assumption of certain liabilities.
Thad Dupper, chairman and CEO of Evolving Systems, said, "The sale of our Numbering business was beneficial to our stockholders as well as to Neustar. Our going forward business model focuses on our Activation solutions -- specifically our Dynamic SIM Allocation™ (DSA), Tertio Service Activation™ (TSA), and Intelligent M2M Controller™ (IMC) products -- where we see excellent growth potential."
Lazard acted as financial advisor and B. Riley & Co. provided a fairness opinion to Evolving Systems for this transaction
EVOL:Q2 Adj EPS 13c..vs..4c Beats 12c Est
Thursday , August 11, 2011 16:02ET
QUARTER RESULTS
Evolving Systems Inc (EVOL) reported Q2 results ended June 2011. Q2 Revenues were $4.40M; -26.67% vs yr-ago; MISSING revenue consensus by -51.06%. Q2 EPS was 8c. Adjusted Q2 EPS was 13c; +225.00% vs yr-ago; BEATING earnings consensus by +8.33%.
ORIGINAL EARNINGS RELEASE: http://www.knobias.com/story.htm?eid=3.1.a2acf85c18c118c83179363710460052207fd53d5ef6cb8cd8935d9b51b096f4Q2 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $4.40M $6.00M -26.67% $8.99M -51.06%
---------- ------------ ------------ ---------- ------------ ----------
EPS: 8c N/A N/A N/A N/A
Adj EPS: 13c 4c +225.00% 12c +8.33%
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Buy Back Program…is/will Karen cut a deal?
Evolving Systems Announces Share Repurchase Program
Friday , May 20, 2011 07:00ET
ENGLEWOOD, CO -- (Marketwire) -- 05/20/11 -- Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced that its Board of Directors has authorized a share repurchase program for up to $5.0 million in aggregate of the Company's common stock.
Beginning on May 20, 2011, and continuing through December 31, 2011, the Company intends to make purchases from time to time at prevailing market prices either in the open market or through privately negotiated transactions. The size and timing of such purchases, if any, will be based on market and business conditions as well as other factors. The Company is not obligated to purchase any shares. Purchases under the program can be discontinued at any time the Company determines additional purchases are not warranted. As of May 6, 2011, Evolving Systems had 10,762,814 shares outstanding.
"This program underscores the confidence management and the Board have in the Company's long-term growth prospects as well as our ongoing commitment to enhance shareholder value," said Thad Dupper, Chairman and CEO. "We believe that the current market value of our shares does not accurately reflect the underlying value of the Company and the repurchase program represents an attractive opportunity to deploy capital in a way that will benefit stockholders." Dupper added that the Company will finance the purchases with existing cash on the balance sheet and funds from operations and not from proceeds of the pending sale of the Company's Numbering assets.
http://www.knobias.com/story.htm?eid=3.1.1bf2d3539c3ed6640d11bc1db1571478cbeb99e386343ec9f9e0fc69506865e1
Evolving Systems Announces First Quarter Financial Results
Wednesday, May 11, 2011 16:00ET
ENGLEWOOD, CO -- (Marketwire) -- 05/11/11 -- Evolving Systems, Inc. (NASDAQ: EVOL)
License and services orders up 35% year-over-year
Activation up 38%
Numbering up 30%
Non-GAAP diluted EPS of $0.11
$6.6 million in cash generated from operations, up 40%
Company declares second quarter dividend of $0.05
Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today reported results for its first quarter ended March 31, 2011.
"As anticipated, license and services orders rebounded in the first quarter, showing 35% growth year-over-year and 42% sequential growth over the fourth quarter of 2010," said Thad Dupper, chairman and CEO of Evolving Systems. "We are building momentum across our entire product portfolio. DSA license and services bookings in the first quarter increased 20% year-over-year and 139% sequentially. In addition, we added a new Dynamic SIM Allocation™ (DSA) customer in the first quarter and now have nine DSA customers worldwide. License and services bookings of our Tertio™ Service Activation (TSA) solution in the first quarter were up 51% year-over-year. Also in the first quarter, we strengthened our Activation solutions portfolio with the introduction of our Intelligent M2M Controller™ (IMC), giving us an excellent foundation for growth going forward."
Evolving Systems reported net income of $0.9 million in the first quarter, or $0.09 per basic and $0.08 per diluted share, compared with net income of $1.2 million, or $0.12 per basic and $0.11 per diluted share, in the same quarter last year. Non-GAAP net income in the first quarter was $1.2 million, or $0.11 per diluted share, versus $1.5 million, or $0.14 per diluted share, a year ago. Adjusted EBITDA declined to $1.1 million from $2.1 million year-over-year. It was the Company's 12th consecutive profitable quarter.
Operating income in the first quarter was $0.6 million, down from $1.5 million in the same quarter last year. It was the Company's 19th consecutive quarter of positive operating income.
Revenue in the first quarter declined to $8.6 million from $9.7 million in the first quarter a year ago, due primarily to lower bookings in 2010 and longer sales cycles related to the global economic slowdown and tight capital budgets. License fees and services revenue declined to $4.1 million from $5.6 million, partially offset by an increase in customer support revenue to $4.5 million from $4.1 million. Revenue by product group included $5.5 million in Activation and $3.1 million in Numbering Solutions.
Total costs of revenue and operating expenses decreased in the first quarter to $8.0 million from $8.2 million in the first quarter last year. The decrease was primarily due to lower costs of license fees and services, partially offset by an increase in sales and marketing expense.
Bookings and Backlog Highlights
Total bookings increased 20% to $8.8 million in the first quarter from $7.4 million in the same quarter last year. License and services bookings in the first quarter were up 35% to $4.8 million from $3.5 million a year ago. Sequentially, license and service bookings increased 42%, up from $3.4 million in the fourth quarter of 2010. Activation license and services bookings increased 38% year-over-year to $3.1 million from $2.2 million and increased 4% sequentially from $3.0 million in the fourth quarter. Numbering license and services bookings increased 30% to $1.7 million from $1.3 million year-over-year and increased more than 300% sequentially from $400,000 in the fourth quarter of 2010. Customer support bookings increased 5% to $4.1 million from $3.8 million year-over-year.
Total bookings by product category in the first quarter included $5.1 million in Activation, up 27% year-over-year, and $3.7 million in Numbering Solutions, up 11%. Evolving Systems defines bookings as new, non-cancelable orders expected to be recognized as revenue during the following 12 months.
Backlog at March 31, 2011, was $17.1 million, up from $16.6 million at 2010 year end but down from $18.1 million at the same time a year ago. The license fees and services backlog was $5.8 million, up from $5.0 million at year-end, while the customer support backlog was $11.3 million, down slightly from $11.6 million at year-end.
Balance Sheet Highlights
The Company continued to strengthen its balance sheet in the first quarter, closing the period with cash and cash equivalents of $17.0 million, up 57% from $10.8 million at year-end. Working capital increased 7% to $12.6 million from $11.8 million at year-end. The Company generated $6.6 million in cash from operations in the first quarter, up from $4.7 million in the same period last year.
Sale of Numbering Business
Subsequent to the end of the first quarter, on April 21, 2011, the Company signed a definitive agreement to sell its Numbering Solutions business to Neustar, Inc. for approximately $39.0 million in cash and the assumption of certain liabilities. The proposed transaction is subject to standard closing conditions and stockholder approval. The Company's Board of Directors and its largest stockholder, the Singer Family Trust, which holds approximately 23% of Evolving Systems' outstanding common shares, are in favor of the transaction. Assuming satisfaction of all closing conditions and approval by stockholders, the transaction is expected to close within 120 days of April 21, 2011.
In 2010 the Company's Numbering Solutions business generated $14.5 million, or 39%, of total revenue, while its Activation and DSA businesses contributed $22.8 million, or 61%, of overall revenue. In the first quarter of 2011 the Numbering Solutions business accounted for 36% of total revenue. The Company expects to file a Proxy Statement in mid-May that will include, among other data, pro-forma statements of income that will give investors a view of the proposed going-forward business of Evolving Systems.
Second Quarter Dividend
The Company declared a second quarter dividend of $0.05 per share to stockholders of record June 10, 2011, payable July 15, 2011.
Conference Call
The Company will conduct a conference call and webcast today at 2:30 p.m. Mountain Time. The call-in numbers for the conference call are 1-877-303-6316 for domestic toll free and 650-521-5176 for international callers. The conference ID is 65193596. A telephone replay can be accessed by calling 1-800-642-1687 or 1-706-645-9291, passcode 65193596. To access a live webcast or subsequent replay of the call, please visit Evolving Systems' website at www.evolving.com.
Non-GAAP Financial Measures
Evolving Systems reports its financial results in accordance with accounting principles generally accepted in the U.S. (GAAP). In addition, the Company is providing in this news release non-GAAP financial information in the form of net income, diluted net income per share and adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, impairment, stock compensation and gain/loss on foreign exchange transactions.) Management believes these non-GAAP financial measures are useful to investors and lenders in evaluating the overall financial health of the Company in that they allow for greater transparency of additional financial data routinely used by management to evaluate performance. Investors and financial analysts who follow the Company use non-GAAP net income and non-GAAP diluted income per share to compare the Company against other companies. Adjusted EBITDA can be useful for lenders as an indicator of earnings available to service debt. Non-GAAP financial measures should not be considered in isolation from or as an alternative to the financial information prepared in accordance with GAAP.
Continued here:
http://www.knobias.com/story.htm?eid=3.1.2fe411ff6909bf43f8bebdf6f4c50135fae39426104b98b5dc68d26e9ac48a5d
EVOL: Q1 Adj EPS 11c vs 14c Misses 12c Est
Wednesday, May 11, 2011 16:02ET
QUARTER RESULTS
Evolving Systems Inc (EVOL) reported Q1 results ended March 2011. Q1 Revenues were $8.60M; -11.43% vs yr-ago; BEATING revenue consensus by +3.99%. Q1 EPS was 8c. Adjusted Q1 EPS was 11c; -21.43% vs yr-ago; MISSING earnings consensus by -8.33%.
Q1 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $8.60M $9.71M -11.43% $8.27M +3.99%
---------- ------------ ------------ ---------- ------------ ----------
EPS: 8c N/A N/A N/A N/A
Adj EPS: 11c 14c -21.43% 12c -8.33%
---------- ------------ ------------ ---------- ------------ ----------
CONSENSUS ESTIMATES: EVOL: To Release Q1 Results May 11 [AMC]
Tuesday , May 10, 2011 13:00ET
Evolving Systems Inc (Nasdaq SC: EVOL) is scheduled to release its Q1 financial results on May 11, 2011, after the close of the market (AMC).
CONSENSUS ESTIMATES:
Q1 Revenue: $8.27 million
Q1 EPS: $0.12 per share
PREVIOUS PERIOD:
Prev Q1 Revenue: $9.71 million
Prev Q1 EPS: $0.14 per share
EVOL 1Q earnings May 11, 2011 AMC
Evolving Systems Sets Date for First Quarter 2011 Financial Results News Release and Conference Call
Wednesday, May 04, 2011 11:00ET
ENGLEWOOD, CO -- (Marketwire) -- 05/04/11 -- Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced it will release its 2011 first quarter financial results after the market closes on May 11, 2011, and conduct a conference call the same day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time).
The call-in numbers for the conference call are 1-877-303-6316 for domestic toll free and 650-521-5176 for international callers. The conference ID number is 65193596.
A telephone replay will be available through May 18, 2011, and can be accessed by calling 1-800-642-1687 or 1-706-645-9291, conference ID number 65193596.
To access a live Webcast of the call, please click the webcast icon at the top of the home page of Evolving Systems' website at www.evolving.com. A replay of the Webcast will be accessible at that website through May 18, 2011.
About Evolving Systems
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia. Further information is available on the web at www.evolving.com
Evolving Systems Announces Definitive Agreement to Sell Its Numbering Solutions Business to Neustar, Inc.
Evolving Systems (NASDAQ:EVOL)
Intraday Stock Chart
Today : Thursday 21 April 2011
Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced a definitive agreement to sell its Numbering Solutions business to Neustar, Inc. (NYSE: NSR) for $39.0 million in cash and the assumption of certain liabilities. Specific terms of the transaction, which is subject to stockholder approval and other customary closing conditions, will be disclosed in SEC filings. The Company will conduct a conference call today at 7:00 a.m. Mountain Time (9:00 a.m. Eastern) to discuss the proposed transaction. Details for the conference call are below.
Thad Dupper, Chairman and CEO of Evolving Systems, said the proposed sale is designed to maximize shareholder value and allow the Company to concentrate on its Dynamic SIM Allocation™ (DSA), Tertio Service Activation™ (TSA), and Intelligent M2M Controller™ (IMC) solutions.
"Over the past several years we have made significant investments in our industry leading DSA solution and our expansion into international markets," said Dupper. "The sale of our Numbering Solutions business allows us to focus our resources, which could include as much as $48.0 million in cash, on DSA and our other service activation solutions where there is excellent potential for growth.
"In addition, our Numbering Solutions business is an ideal fit for Neustar. Our well-established industry reputation, our portfolio of tier-1 Numbering customers, and our subject matter expertise all will be great additions to Neustar."
In 2010 Evolving Systems' Numbering Solutions business generated $14.5 million, or 39%, of total revenue, while the Company's Activation and DSA businesses contributed $22.8 million, or 61%, of overall revenue.
The Company's Board of Directors has voted unanimously in favor of the transaction. In addition, the Singer Family Trust, which holds approximately 23% of Evolving Systems' outstanding shares, has indicated its support of the transaction.
Evolving Systems will call a special meeting of stockholders to seek approval of the transaction and issue a proxy statement containing detailed terms and conditions of the proposed sale, which proxy statement is subject to SEC review. Assuming satisfaction of all closing conditions and approval by stockholders, the transaction is expected to close within 120 days of signing.
Lazard acted as financial advisor and B. Riley & Co. provided a fairness opinion to Evolving Systems for this transaction.
I'm wondering if this is part of her plan with ALL her stocks - buy them up, get her people on the board, get a divvy out there and sit back, rake in the bucks from the Div.
This weekend I think I will play around with her sec filings and see which stocks have now gone to paying a dividend.
Could be a whole new side to Karen.
Good GOD! That's amazing!
Karen Singer’s Qtrly dividend...$123,484.70
Sched 13D - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7545464
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,469,694
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.9%
AMOUNT: $0.05 cash (USD)DECL-DATE X-DATE REC-DATE PAY-DATE
----------- ----------- ----------- -----------
03/03/2011 03/16/2011 03/18/2011 04/15/2011
Major US Carrier Selects Evolving Systems for VoIP Number Management
Press Release Source: Evolving Systems On Wednesday March 9, 2011, 8:30 am EST
ENGLEWOOD, CO--(Marketwire - 03/09/11) - Evolving Systems, Inc. (NASDAQ:EVOL - News), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced that a major US carrier has selected the Company's number resource management solution, NumeriTrack®, to replace its current legacy system.
With demand for VoIP services on the rise and the carrier's plans for growth in this market, the carrier was concerned about its current system's ability to scale, not just in capacity but flexibility. As a result, the carrier sought a new, more flexible solution to support its existing subscriber base and future growth.
Evolving Systems' NumeriTrack solution will provide the carrier with an open, scalable, centralized system allowing the carrier to store, assign, track and manage all their VoIP number inventory.
"We have seen an increasing demand for our NumeriTrack solution over the past 12 months," says Thad Dupper, CEO and chairman at Evolving Systems. "This order further demonstrates how scalable and flexible the solution is at managing a carrier's entire number inventory -- wireline, wireless and VoIP numbers -- for both current and future requirements."
Evolving Systems Reports 2010 Financial Results
Tuesday , March 08, 2011 16:01ET
ENGLEWOOD, CO -- (Marketwire) -- 03/08/11 -- Evolving Systems, Inc. (NASDAQ: EVOL)
Net income up 11% to $5.4 million
18th consecutive quarter of positive operating income
Increased cash generation further strengthens balance sheet -- cash and working capital both up more than 100%
Company declares first quarter dividend of $0.05
Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today reported results for its fourth quarter and year ended December 31, 2010.
"Evolving Systems continued to produce strong bottom line results in 2010, highlighted by an 11% increase in net income. Cash from operations increased 57% and our working capital and cash positions were up 147% and 101%, respectively," said Thad Dupper, chairman and CEO. "New orders were impacted by longer sales cycles for our Dynamic SIM Allocation™ (DSA) product. However, we've begun to see renewed activity around our Activation solutions and expect first half 2011 orders to rebound following a sluggish fourth quarter.
"We added two new DSA wins in 2010, raising our total to eight DSA customers around the world, six of which are now in production," Dupper added. "Our DSA customers have activated more than 25 million SIM cards, and with the anticipated growth of wirelessly enabled consumer devices that require SIM cards, we are confident that our DSA solution will become an increasingly important contributor to revenue. We also continued to execute our strategy in international markets during 2010, adding new customers and taking others into production in Asia, Africa, Central and South America as well as North America, where we won a large NumeriTrack® order with a tier one U.S. carrier and a DSA order in Canada. And finally, during the first quarter we introduced Intelligent M2M Controller™ -- a new machine to machine solution for wireless service providers who are seeking to reduce costs, protect their networks and monetize growing opportunities in the M2M space."
2010 Full Year Results
Net income for 2010 increased 11% to $5.4 million from $4.8 million in 2009. Earnings per share increased to $0.53 per basic and $0.49 per diluted share in 2010 from $0.49 per basic and $0.48 per diluted share a year ago. Non-GAAP net income increased 9% year over year to $6.7 million from $6.2 million, or $0.62 per diluted share versus $0.61 per diluted share. Non-GAAP adjusted EBITDA declined 5% to $8.4 million from $8.9 million last year.
Operating income in 2010 declined to $6.2 million, or 16.7% of revenue, from $6.7 million, or 17.5% of revenue, in 2009.
The Company experienced a 2% decline in full year revenue, to $37.3 million in 2010 from $38.2 million a year ago. License fees and services revenue was $20.3 million versus $21.6 million in 2009, a decline that was partially offset by an increase in customer support revenue to $17.1 million from $16.6 million.
Revenue from the Company's DSA and NumeriTrack solutions hit an all-time high in 2010. DSA revenue increased 31% year over year, to $7.4 million from $5.6 million, and comprised approximately 20% of overall revenue. Revenue from the Company's NumeriTrack solution increased by 34% in 2010, to $5.4 million from $4.0 million a year ago, and represented approximately 14% of total revenue. Revenue mix in 2010 included $22.8 million in Activation and $14.5 million in Numbering. Mediation revenue, which represented less than 5% of total 2010 revenue, will now be reported in the Activation and Numbering revenue categories to more accurately reflect management of the operations.
Total costs of revenue and operating expenses declined slightly in 2010 to $31.1 million from $31.5 million in 2009. Product development expense increased 22% year-over-year to $4.3 million from $3.5 million, primarily as the result of investments in the Company's DSA and Numbering products. Sales and marketing expense declined 6% to $7.3 million from $7.7 million and general and administrative expense declined 5% to $5.4 million from $5.7 million, with both declines the result of lower incentive compensation and professional fees.
Quarterly Dividends
The Company declared three quarterly cash dividends of $0.05 per share in 2010. And in the first quarter of 2011 the Company declared a quarterly cash dividend of $0.05 per share, payable April 15, 2011, to stockholders of record March 18, 2011.
Fourth Quarter Results
Net income was $1.2 million in the fourth quarter of 2010, down 18% from $1.4 million in the same quarter last year. EPS was $0.11 per basic and $0.10 per diluted share versus $0.14 per basic and diluted share a year ago. Non-GAAP net income in the fourth quarter was $1.5 million versus $1.8 million, or $0.13 per diluted share versus $0.17 per diluted share a year ago. Non-GAAP adjusted EBITDA was $1.7 million versus $2.4 million last year.
The Company had operating income of $1.2 million in the fourth quarter as compared with $1.9 million in the same quarter last year. It was the Company's 18th consecutive quarter of positive operating income. As a percentage of revenue, fourth quarter operating income was 13.7% versus 19.1% a year ago.
Fourth quarter revenue was $8.6 million, down from $9.8 million in the same quarter last year, due to lower license fees and services bookings related to longer sales cycles. Lower license fees and services revenue -- $4.1 million in the fourth quarter versus $5.6 million in the same quarter last year -- was partially offset by an increase in customer support revenue -- to $4.5 million from $4.2 million. The higher customer support revenue reflected the impact of DSA solutions that are now in production and under maintenance. Revenue mix by product group included $5.2 million in Activation and $3.4 million in Numbering.
Total costs of revenue and operating expenses in the fourth quarter declined by 7% to $7.4 million from $7.9 million due primarily to lower variable costs related to the revenue decline as well as to lower facility costs, professional fees and product development costs. Sales and marketing expense declined to $1.7 million from $1.8 million. General and administrative expense declined to $1.2 million from $1.4 million, and product development expense declined to $1.0 million from $1.2 million.
Bookings and Backlog Highlights
The Company booked $33.5 million in new orders in 2010, down 12% from $38.0 million in 2009. License fees and services orders totaled $16.9 million, down from $21.1 million a year ago. Customer support orders declined slightly to $16.6 million from $16.9 million. By product category 2010 orders included $19.6 million in Activation and $13.9 million in Numbering.
Total bookings in the fourth quarter were $11.5 million, down from $13.8 million in the fourth quarter last year. License fees and services orders totaled $3.4 million versus $4.8 million last year while customer support orders were $8.1 million compared with $9.0 million a year ago. By product category in the fourth quarter, bookings included $5.6 million in Activation and $5.9 million in Numbering. The Company defines bookings as new, non-cancelable orders expected to be recognized as revenue during the following 12 months.
Backlog at December 31, 2010, was $16.6 million, down from $20.8 million at the end of 2009. Backlog included $5.0 million in license fees and services and $11.6 million in customer support.
Balance Sheet Highlights
Cash and cash equivalents at December 31, 2010, were $10.8 million, up 101% from $5.4 million at the same time last year and up slightly from $10.7 million at September 30, 2010. Working capital improved by 147% year over year to $11.8 million from $4.8 million. The Company generated $5.7 million in cash from operations in 2010, up 57% from $3.6 million in 2009.
Continued at;
http://www.knobias.com/story.htm?eid=3.1.d682bbff55c527ea09ac21a59513b19972d0dd7ae3a29e692bbcdc83f21b7316
EVOL: Q4 Adj EPS 13c vs 17c Misses 17c Est
Tuesday , March 08, 2011 16:23ET
QUARTER RESULTS
Evolving Systems Inc (EVOL) reported Q4 results ended December 2010. Q4 Revenues were $8.60M; -12.33% vs yr-ago; MISSING revenue consensus by -13.39%. Q4 EPS was 10c. Adjusted Q4 EPS was 13c; -23.53% vs yr-ago; MISSING earnings consensus by -23.53%.
Q4 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $8.60M $9.81M -12.33% $9.93M -13.39%
---------- ------------ ------------ ---------- ------------ ----------
EPS: 10c N/A N/A N/A N/A
Adj EPS: 13c 17c -23.53% 17c -23.53%
---------- ------------ ------------ ---------- ------------ ----------
FY RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $37.30M $38.20M -2.36% $38.63M -3.44%
---------- ------------ ------------ ---------- ------------ ----------
EPS: 49c N/A N/A N/A N/A
Adj EPS: 62c 61c +1.64% 67c -7.46%
---------- ------------ ------------ ---------- ------------ ----------
CONSENSUS ESTIMATES:
EVOL: To Release Q4 Results Mar 08 [AMC]
Monday , March 07, 2011 13:00ET
Evolving Systems Inc (Nasdaq SC: EVOL) is scheduled to release its Q4 financial results on March 08, 2011, after the close of the market (AMC).
CONSENSUS ESTIMATES:
Q4 Revenue: $9.93 million
Q4 EPS: $0.17 per share
FY Revenue: $38.63 million
FY EPS: $0.67 per share
PREVIOUS PERIOD:
Prev Q4 Revenue: $9.81 million
Prev Q4 EPS: $0.17 per share
Prev FY Revenue: $38.20 million
Prev FY EPS: $0.61 per share
EVOL full year earnings 3-08-11 AMC
Evolving Systems Sets Date for 2010 Financial Results News Release and Conference Call
Tuesday , March 01, 2011 16:32ET
ENGLEWOOD, CO -- (Marketwire) -- 03/01/11 -- Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced it will release its 2010 financial results after the market closes on March 8, 2011, and conduct a conference call the same day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time).
The call-in numbers for the conference call are 1-877-303-6316 for domestic toll free and 650-521-5176 for international callers. The conference ID number is 45167905.
A telephone replay will be available through March 15, 2011, and can be accessed by calling 1-800-642-1687 or 1-706-645-9291, conference ID number 45167905.
To access a live Webcast of the call, please click the webcast icon at the top of the home page of Evolving Systems' website at www.evolving.com. A replay of the Webcast will be accessible at that website through March 15, 2011.
About Evolving Systems
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia. Further information is available on the web at www.evolving.com
Evolving Systems Launches Intelligent M2M Controller(TM) Solution
Monday , February 14, 2011 07:00ET
BARCELONA, SPAIN -- (Marketwire) -- 02/14/11 -- Mobile World Congress
Innovative Approach to M2M Market Helps Service Providers Get Ready for New Connected World
Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced the launch of its Intelligent M2M Controller™ product, a dedicated machine-to-machine (M2M) solution for wireless service providers.
Rather than provisioning M2M devices in the traditional way and permanently tying up resources, Evolving Systems' Intelligent M2M Controller solution will allow devices to securely connect to the network and send data only when required. The solution, which draws on proven technology from the Company's flagship Dynamic SIM Allocation™ solution, allows operators to reduce costs, protect their networks, and grasp the growing opportunity in the fast-moving M2M space.
"The M2M market is expected to ultimately be counted in billions, or even trillions, of M2M devices and connections," says Thad Dupper, Chief Executive Officer at Evolving Systems. "And with rapid growth being forecast, service providers must act now to give themselves the best chance of maximizing profits and achieving significant market share."
The rise in M2M devices using wireless networks also presents service providers with a range of challenges. Existing systems and processes cannot efficiently handle these devices, widely known as infrequent transmitters, which are low-powered and inexpensive, only sending small amounts of data, and connecting to the network intermittently.
In addition, the market is fragmented into a variety of industries, business models, devices and connectivity requirements -- so any solution needs to support a wide array of use cases and applications.
"To address these key challenges, providers will need to throw off the shackles of legacy business infrastructures and establish specialized M2M infrastructure," said Dupper. "The Intelligent M2M Controller helps them to meet these needs.
"Service providers need to be aware that in this new connected world, it is costly, inefficient and wasteful to treat all devices the same," he said. "The development of the market depends on their ability to stimulate innovation and support new business models. If service providers fail to embrace new business and technological approaches, they run the risk of stifling innovation and hampering the development of this hugely promising new market."
Meet Evolving Systems at hospitality suite 98, hall 3.1 or email m2m@evolving.com.
About Intelligent M2M Controller™
A dedicated machine-to-machine (M2M) solution for wireless service providers that provides:
Efficiency -- removes cost overheads
Flexibility -- supporting a variety of use cases
Minimal impact -- leveraging today's network
Protection -- public network from overload
Open interface -- easily enabling different business processes
Evolutionary -- support for all technology generation (2G, 3G and 4G)
About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, India and Malaysia. Further information is available on the web at www.evolving.com.
SCHEDULE 13D filed:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7375470
This constitutes Amendment No. 13 (the “Amendment No. 13”) to the Statement on Schedule 13D, filed on behalf of Karen Singer (“Ms. Singer”), dated February 28, 2008 (the “Statement”), relating to the common stock (the “Common Stock”) of Evolving Systems, Inc., a Delaware corporation (the “Issuer” or “Company”). Unless specifically amended or modified hereby, the disclosure set forth in the Statement shall remain unchanged.
Item 4. Purpose of the Transaction.
Item 4 of the Statement is hereby amended by adding the following at the end thereof:
On November 26, 2010, Ms. Singer entered into a Confidentiality Agreement, in the form filed as Exhibit 99.1 to the Schedule 13D filed on December 1, 2010 (the “November Confidentiality Agreement”), by and among the Issuer and Ms. Singer. Effective January 31, 2011, the November Confidentiality Agreement was amended to extend the period during which it remains effective so that, as so amended, the November Confidentiality Agreement remains in effect until February 15, 2011.
In the interest of good governance, Ms. Singer has also asked that the Board of Directors of the Company promptly to take all steps that are necessary in order to:
(i) terminate the “poison pill” Rights Agreement, dated as of March 4, 2009, between the Company and American Stock Transfer & Trust Company LLC, and
(ii) cause the Restated Certificate of Incorporation and the By-laws of the Company to be amended so as to eliminate the “staggered board” provisions thereof, being those provisions that call for the Board of Directors to consist of three classes that are elected to serve for staggered three-year terms.
Except as described above in this Item 4 and herein, Ms. Singer does not currently have any specific plans or proposals that relate to or would result in any of the actions or events specified in clauses (a) through (j) of Item 4 of Schedule 13D.
Ms. Singer reserves the right to change plans and take any and all actions that Ms. Singer may deem appropriate to maximize the value of her investments, including, among other things, purchasing or otherwise acquiring additional securities of the Issuer, selling or otherwise disposing of any securities of the Issuer beneficially owned by her, in each case in the open market or in privately negotiated transactions, or formulating other plans or proposals regarding the Issuer or its securities to the extent deemed advisable by Ms. Singer in light of her general investment policies, market conditions, subsequent developments affecting the Issuer and the general business and future prospects of the Issuer.
Ms. Singer may take any other action with respect to the Issuer or any of the Issuer’s debt or equity securities in any manner permitted by applicable law.
So True! Something tells me she will get her way. LOL
She will eventually conquer EVOL even if it means owning 51% of the stock.
Like Margaret, I’m thinking Karen can be ….
"….extraordinarily patient, provided she gets her own way in the end."
:o)
Karen Signer’s remains at 24% ownership of EVOL
SCHEDULE 13D filed: w/Time frame extended on Confidentiality agreement
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7343769
This constitutes Amendment No. 12 (the “Amendment No. 12”) to the Statement on Schedule 13D, filed on behalf of Karen Singer (“Ms. Singer”), dated February 28, 2008 (the “Statement”), relating to the common stock (the “Common Stock”) of Evolving Systems, Inc., a Delaware corporation (the “Issuer” or “Company”). Unless specifically amended or modified hereby, the disclosure set forth in the Statement shall remain unchanged.
Item 4. Purpose of the Transaction.
Item 4 of the Statement is hereby amended by adding the following at the end thereof:
On November 26, 2010, Ms. Singer entered into a Confidentiality Agreement, in the form filed as Exhibit 99.1 to the Schedule 13D filed on December 1, 2010 (the “November Confidentiality Agreement”), by and among the Issuer and Ms. Singer. Effective January 15, 2011, the November Confidentiality Agreement was amended to extend the period during which it remains effective so that, as amended, the November Confidentiality Agreement remains in effect until January 31, 2011.
Except as described above in this Item 4 and herein, Ms. Singer does not currently have any specific plans or proposals that relate to or would result in any of the actions or events specified in clauses (a) through (j) of Item 4 of Schedule 13D. Ms. Singer reserves the right to change plans and take any and all actions that Ms. Singer may deem appropriate to maximize the value of her investments, including, among other things, purchasing or otherwise acquiring additional securities of the Issuer, selling or otherwise disposing of any securities of the Issuer beneficially owned by her, in each case in the open market or in privately negotiated transactions, or formulating other plans or proposals regarding the Issuer or its securities to the extent deemed advisable by Ms. Singer in light of her general investment policies, market conditions, subsequent developments affecting the Issuer and the general business and future prospects of the Issuer. Ms. Singer may take any other action with respect to the Issuer or any of the Issuer’s debt or equity securities in any manner permitted by applicable law.
Wow, that speaks volumes!
I didn’t see such a substantial recovery in the making back in the day… back in the r/s days. I recall thinking, saying, posting, back then that EVOL should r/s at a higher ratio to better affect a final pps that would bottom at/or above $5.
I’m glad I was wrong!
Very impressive!
Excellent call on your part, J!
Been a nice post r/s reflection in the mirror for EVOL/LOVE
Moving back to 2005 numbers (R split adjusted of course)
Since 1 for 2 reverse split 7-21-09
http://www.knobias.com/story.htm?eid=3.1.daef7a2443e4e2e587d5664cd0019b2669031bc1b5e0ade01dae5946dccbe559
Verrrrrrrrrrrrrrrrrry interesting.
Karen Signer’s now up to 24% ownership of EVOL?
SCHEDULE 13D … http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7270481
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,469,694
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.0%
Part of the reason I posted...
Primus change in CEO was as it was Aquino who was at RCN from 2004 - 2010 seemed to obvious that something would happen if you follow the Singer story...
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