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GV- fwiw,, the spec is trying to stall with bluffs on the ask.
gv- like I said,, the spec is caught,, he is the net buyer. Not a seller at all!
good job magic,, and with the proper volume $3 can come much faster than we think.
Jon, lol,, mine are like my son- duh,, can I have some $,, I want to strangle that boy right now.
shhhhhh, :)
mflutie,, that makes me feel better,, I thought only I was odd. :)
hhhhhhhmmm, f/a wins in a red market- enjoy the ride
am I dreaming,, oh please let it be true: red sorta in the market.
gv- sam,, magic detailed why this stock is going to go far,,, we are wading thru the very few sellers and if smart buying from them (wink),, gv, will be a huge popper/runner.
vrya- link goes to expo today
http://biz.yahoo.com/bw/040419/195104_1.html
Shares Outstanding: 4.49M
Float: 2.60M
Headlines Get Headlines for:
Mon, Apr 19, 2004
• ViryaNet to Attend GITA Conference
Mon, Apr 19 - 8:00am ET - Business Wire
Wed, Apr 7, 2004
• ViryaNet expands in Asia with Singapore deal
Wed, Apr 7 - 9:53am ET - Reuters
• ViryaNet Signs Reseller Agreement with Singapore-Based Power Automation
Wed, Apr 7 - 8:01am ET - Business Wire
• Tel Aviv Stock Exchange Confirms ViryaNet Request to Delist Its Shares
Wed, Apr 7 - 7:00am ET - Business Wire
Mon, Mar 15, 2004
• ViryaNet Expands Sales Team
Mon, Mar 15 - 7:00am ET - Business Wire
Thu, Mar 11, 2004
• EDS Selects ViryaNet Service Hub to Optimize Its Field Workforce
Thu, Mar 11 - 7:01am ET - Business Wire
Mon, Mar 8, 2004
• ViryaNet Enhances Product Offering by Embedding MapQuest Advantage Enterprise Technology
Mon, Mar 8 - 7:00am ET - Business Wire
Press Release Source: ViryaNet
ViryaNet Reports its Fourth Fiscal Quarter and Full-Year 2003 Financial Results
Tuesday February 17, 7:09 am ET
Company achieves second consecutive quarter of profitability; fourth consecutive quarter of increased revenues
SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Feb. 17, 2004-- ViryaNet (NASDAQ: VRYA - News), a leading provider of integrated mobile and Web-based software applications for workforce management and the automation of field service delivery, today announced financial results of its fourth fiscal quarter and full year 2003.
ADVERTISEMENT
Total revenues for the fourth quarter, ended December 31, 2003, were $3.6M, a 177% increase from $1.3M for the fourth quarter of 2002, and a 4% increase from $3.4M recorded in the third quarter of 2003.
For the fourth quarter of 2003, the Company reported a net profit of $116,000 or $0.03 per basic diluted share, compared to a net loss of $4.3M or $1.60 per basic and diluted share in the fourth quarter of 2002, and compared to a net profit of $24,000 or $0.01 per basic and diluted share for the third quarter of 2003.
Software license revenues for the fourth quarter of 2003 increased to $1.6M, 26% higher than the $1.2M recorded in the third quarter of 2003. Software license revenues comprised 44% of total revenue during the fourth quarter of 2003, compared to 0% in the fourth quarter of 2002, and compared to 36% in the third quarter of 2003.
The Company reported a gross profit of $2.0M for the fourth quarter of 2003, or 57% of revenues, compared to $78,000 or 6% of revenues for the fourth quarter of 2002, and compared to $2.0M or 57% of revenues in the third quarter of 2003.
The Company's cash position on December 31, 2003 was $5.1M, compared to $2.7M at the end of the third quarter of 2003. The Company's short and long-term bank debt position during the fourth quarter of 2003 was unchanged at approximately $3.2M.
The Days of Sales Outstanding (DSO) for the Company in the fourth quarter of 2003 was 65 days, compared to 30 days in the third quarter of 2003. The DSO performance for the Company in the third quarter reflected shorter than usual payment terms for transactions recorded during the third quarter.
For the fiscal year 2003, total revenues were $11.7M, an increase of 35% from $8.7M in fiscal year 2002. The net loss for fiscal year 2003 was $2.3M or $0.74 per basic and diluted share, compared to a net loss of $11.4M or $4.38 per basic and diluted share in fiscal year 2002.
"With four consecutive quarters of revenue growth, and two consecutive quarters of profitability, 2003 has been a successful turn-around year for ViryaNet," said Win Burke, president and CEO, ViryaNet. "With two new utility customers in this quarter, we have recently closed four sales in the utility industry, achieving our 2003 objective of entering the utility market segment, in partnership with GE, with strength and impact."
As previously disclosed, during the year 2003, the Company raised approximately $5.0M in private equity financings by attracting investments from world-class venture capital firms, financial institutions, and strategic partners.
Q4 Accomplishments
The fourth quarter recognized significant accomplishments in many areas for the Company, including:
New Sales
Strategic partners, such as GE, broadened the Company's presence in the utility industry, leading to two new utility customers during the fourth quarter: Vectren and Singapore Power. With the addition of these two new customers, the Company has recently closed four new deals in the utility industry, establishing a strong new customer base in this strategic market.
Aspective, ViryaNet's partner in the UK, added a number of user licenses in support of its managed service offerings.
New Partnership
ViryaNet signed a major world-wide agreement with EDS, during the quarter, in which EDS now resells ViryaNet Service Hub and implements and supports the ViryaNet solutions in a variety of industries.
Customer Implementations
Several of ViryaNet's customers rolled out ViryaNet Service Hub, including: Publix, which went live with the first phase of its system; Lojack, which successfully initiated its pilot in the Phoenix market; and Leslie's PoolMart, which completed its national roll out.
Product Advancement
ViryaNet's R&D group released ViryaNet Service Hub 8.3 at the end of the fourth quarter to enhance the product's multilingual capabilities, improve its overall usability, and upgrade many functional areas.
About ViryaNet
ViryaNet is a provider of software applications that improve the quality and efficiency of an organization's service operations. ViryaNet's flagship product -- the award-winning ViryaNet Service Hub -- combines the power of the Internet, the freedom of wireless technologies, and the resources of ViryaNet's deep service expertise to help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics and repairs management.
Customers in the utility, telecommunications, grocery and retail, high-technology manufacturing, HVAC, and other service industries use ViryaNet Service Hub to transition complex service business processes into a manageable, scalable Internet operation, with the goal of increasing service revenues, decreasing service costs, and maximizing customer satisfaction.
GV - What's behind the (.76) curtain?- 1 spec who has to let it run
thats what I thought,, you left me outta the game :)
NIAG- has great prospect in pricing power and the economy,, 4mil float and 1mil already gone on last pop. Very low vol right now,, but well worth a nibble, and can turn into a pretty big momo just with volume. Yawner for now
evol,, is chart 'oversold for sure'
mflutie, I am talking short squeeze,, as you know I dont short...,,, So did I read your post right or wrong?
it would work on the low floats too,,, I have some,, and I am up,, so that may not seem 'fair' to you guys.
can you guys imagine the damage we could do to a short if we all got together on certain oversold stocks.....YIKES, talk about a wedgy!
thats all we need,,, another nutty texan. :0)
monk,, :),, it is a little gas oil stock with +65% reserves,, was sitting at 2.85-3.15 forever,,
anybody remember BETA
seems like IMCL should just buy GEB
hey ef,, yes gold made an impressive move today,, sticking with grow and a couple of small ones.
gold pricing action today is impressive.
singh,, HOFF-chase it ,, it aint coming back down.
kaboom, new hod +cnbc ticker time!
grow on needs 19k in vol, to set off 2nd alerts on trader radars,,, a scalper hits a stock for .02-.05 move,, I would venture to say most here are not scalpers,, but the lurkers might be,, then there are those who like to go to cash every day,,, qood grief,, they would be better off just swing trading the daily moces in big stocks or heavy vol stocks ie: siri or yhoo etc..
snowly,, $$$ in the bank. cant wait til the market turns red. Then plan to be real quiet. :)
rjjm15, lol,, I bet I see you there,, I am not trying so much to get away from the bashers as much as the scalpers, already sent out a lot of emails on stocks getting ready to run,, but scalpers may move in,,, I want the profit,, so I dont need to be the poster who picks it.. I have complete faith they will get posted.
magic,, let me know when the private board is ready,, please be selective in who you let in.
fwiw-GV, spec is wide open
geb--watch for dips1.60+/-,, 1.65+ holding +vol can finally wake it up, with 1.94 as our breakout target,, right now xnva is getting all of the momo, but geb has the 'nano' tech for head and neck cancer drug delivery
lcci nice double bottom at 6.07+/-
ied, got shoes?
QUOTE OF THE DAY:
Do not move unless it is advantageous.
Do not execute unless it is effective.
Do not challenge unless it is critical.
-- Sun Tzu
well I better call it a day,, see you guys in the morning
GV easy run to 1+ on momo alone-spec is caught in a bad spot,, he is net buyer of any sells,, I had to pay ask today,, then goind long I figure 2+,,--1.19 is the beginning of a huge momo,, profitable little company.. Anybody buying here, is basically getting in the beginning
gc- I did wonder if anyone noticed,, thanks,, and I dont mind the free pr from others :)
bcjeanm,, CALD- there an ipo for you to ponder, make sure you read the last E's, that is a typical chart,, push it out to 6months+
yeah well maybe,, I still think you lurk around stealing my thoughts------roflmao! :)
good day, see you guys in the morning :)