is trading
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haha pennyholder.. sorry, okay this is my last post of the day.
bemilio007, tsafi, jchiba and langlui have been talking about IIG (Great quarter #s. Should see upside tomorrow)
langlui has been talking about OPBL
(Great Quarterly earnings)
tsafi and bobbytx1 have been talking about PLRO
jchiba and MBoomer17 have been talking about ACMG
hope this is not too confusing
OPBL - revenue +310% and net income +859% in 4Q!
Optionable Reports Record Results for the 2006 Fourth Quarter and Full Year
Tuesday February 6, 4:01 pm ET
Revenue and Net Income Increase to All Time Highs
VALHALLA, N.Y., Feb. 6 /PRNewswire-FirstCall/ -- Optionable, Inc. (OTC Bulletin Board: OPBL - News), a leading provider of natural gas and other energy derivatives brokerage services, announced today record results for its fourth quarter and year ended December 31, 2006. The Company said that revenues increased 310 percent for the fourth quarter and 177 percent for the full year compared to prior-year periods, and net income reached all-time highs, increasing 859 percent for the fourth quarter and 393 percent for the full year compared to prior-year periods.
Revenues for the fourth quarter ended December 31, 2006, were $6.8 million, with net income of $2.5 million, or $0.05 per diluted share, up from $1.7 million in revenue, and net income of $262,769, or $0.01 per diluted share, for the fourth quarter of 2005. Operating margin increased to 58 percent for this year's fourth quarter up from 19 percent for the fourth quarter of 2005. The weighted average number of diluted common shares used in the computations was 53,020,901 and 51,750,647 for the fourth quarter of 2006 and of 2005, respectively.
Commenting on the results, Optionable CEO Kevin Cassidy said, "2006 was a benchmark year for us, with the launch of our electronic trading platform, OPEX®, as well as our Analytics service. We're particularly happy with these results as they are due almost entirely to our customers' positive response to the innovative and impeccable service we delivered to them. These results also demonstrate a very healthy and largely untapped market for our derivative brokerage services.
"The results for the quarter and the year were driven primarily by our voice-brokerage and open outcry service; however, OPEX, which we launched in July 2006, is beginning to add to our overall revenue mix. We expect that the efficiency of OPEX in executing trades, will cause its contribution to revenue to become a substantial portion of the mix as we progress into 2007 and even 2008, particularly as we begin to open up the market for our services."
Cassidy continued, "We intend to build on the success we've enjoyed to date, adding products and services beyond our capabilities in the energy derivative market and Analytics. We intend to look at expanding our relationship with NYMEX, and increase the traction of OPEX. In short, there are a number of strategic opportunities in front of us and we will examine each one thoroughly and carefully in order to continue building Optionable into a force in the derivatives brokerage business.
"During the past year we experimented with releasing the number of contracts traded on a monthly basis, but at this point we feel the information is more meaningful when it is part of a quarterly earnings release."
Revenues for the year ended December 31, 2006, were $16.1 million, with net income of $6.2 million, or $0.12 per diluted share, up from $5.8 million in revenues with net income of $1.3 million, or $0.02 per diluted share. Operating margin increased to 52 percent for 2006, up from 26 percent for 2005. The weighted average number of diluted common shares used in the computations was 52,559,445 for 2006 and 51,524,732 for 2005. As of December 31, 2006, the Company had cash and cash equivalents of $7.9 million.
The Company announced in January 2007 that three of its founding stockholders executed a binding term sheet for an agreement with NYMEX Holdings, Inc. (NYSE: NMX - News; "NYMEX") concerning certain cooperative technology initiatives, the acquisition of a 19 percent stake in Optionable by NYMEX from its three founding stockholders and Optionable's issuance to NYMEX of a warrant which would permit it to increase its ownership in Optionable.
The Company also announced in January 2007 that due to its rapid growth, it re-located its headquarters to larger facilities in Westchester County.
IIG EPS $0.90, Non-GAAP $0.42, Estimates $0.23. GOOD!!! Boosts forecast.
iMergent Announces Second Quarter Fiscal 2007 Financial Results
Tuesday February 6, 4:01 pm ET
- Reports Total Revenue of $35.7 Million -
- Delivers Record $37.6 Million in Net Dollar Volume of Contracts Written -
- Delivers $5.1 Million of Net Cash Provided by Operating Activities Increasing Cash and Cash Equivalents to $37.1 Million -
- Increases Trade Receivables, Net of Allowance for Doubtful Accounts, by $4.3 Million to $29.5 Million -
- Posts GAAP Net Income of $11.7 Million, Inclusive of $5.2 Million Income Tax Benefit -
- Posts GAAP Diluted EPS of $0.90 -
- Posts Record Non-GAAP Diluted EPS of $0.42 -
- Increases Guidance for Fiscal 2007 Net Dollar Volume of Contracts Written to Grow Approximately 40% over Fiscal 2006 -
OREM, Utah--(BUSINESS WIRE)--iMergent, Inc. (AMEX:IIG - News), a leading provider of eCommerce and software for small businesses and entrepreneurs, today announced its financial results for the three and six months ended December 31, 2006.
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Don Danks, chairman and chief executive officer, stated, "We have executed on our plan and delivered another quarter of tremendous growth. The first half of the fiscal year has exceeded our expectations on all fronts. For our second fiscal quarter, revenue reached $35.7 million with strong domestic sales and a reinvigorated international program. During the three months ended December 31, 2006, we held 297 workshops, including 82 internationally, compared to 200 workshops, including 65 internationally, during the comparable period last year."
Danks added, "Response to our marketing campaigns has been strong, and our sales teams are gaining traction. In January 2007, we announced AVAIL, a new telephone/voicemail/email/fax product that complements iMergent's web site development software. This demonstrates iMergent's ongoing commitment to providing our customers with the highest level of products and services. In addition, AVAIL is expected to drive recurring revenue."
"This quarter we posted another record for Net Dollar Volume of Contracts Written, which reached $37.6 million, representing a 50 percent increase over the comparable quarter last year," stated Robert Lewis, chief financial officer. "Also during the quarter, we generated $5.1 million in net cash from operating activities."
As of December 31, 2006, cash and cash equivalents were $37.1 million; net trade receivables were $29.5 million; working capital was $28.9 million; and working capital excluding deferred revenue was $52.4 million.
Generally Accepted Accounting Principles (GAAP) and Non-GAAP Metrics
In December 2005, the company changed its business model to: (1) limit certain "free" services to a period of one year for all customers who purchased the StoresOnline software prior to December 20, 2005, and (2) begin charging customers for those services as part of customer support. This change in business model resulted in the recognition of previously deferred product and other revenue of $108.0 million in December 2005, which would have been recognized in future periods had the change in business model not occurred.
Because of the change in business model described above, the company believes the Net Dollar Volume of Contracts Written during each period is a consistent and relevant measure to understand the operations of the company. Net Dollar Volume of Contracts Written represents the gross dollar amount of contracts executed during the period less estimates for bad debts, discounts incurred on sales of trade receivables, and estimates for customer returns. The company also believes non-GAAP net income and non-GAAP net income per diluted common share are useful measures. The non-GAAP measures, including non-GAAP net income and non-GAAP net income per diluted common share, assume 1) the Net Dollar Volume of Contracts Written is recognized as revenue at the time of sale; 2) certain corresponding cost of product and other revenue and selling and marketing expenses are also recognized at the time of sale; and 3) the income tax provision is based upon an estimated federal, state, and foreign statutory blended rate of 40 percent. Non-GAAP net income per diluted common share is defined as non-GAAP net income divided by the weighted average of diluted common shares outstanding. Tables reconciling GAAP and non-GAAP measures follow in this press release.
Fiscal Second Quarter 2007 Compared to 2006
* Revenues for the second quarter of fiscal 2007 were $35.7 million. This compares to $120.5 million for the second quarter of fiscal 2006, which included the recognition of previously deferred product and other revenue of $108.0 million due to the change in our business model in December 2005.
* Net Dollar Volume of Contracts Written was $37.6 million for the current quarter compared to $25.1 million for the comparable period last year.
* Total operating expenses were $30.8 million for the current quarter, compared to $21.6 million for the comparable quarter last year. The increase in cost of product and other revenues and selling and marketing expenses was primarily attributable to the increase in Net Dollar Volume of Contracts Written.
* Net cash provided by operating activities for the current quarter was $5.1 million.
* For the three months ended December 31, 2006, net income was $11.7 million, or $0.90 per diluted common share, which included the impact of a $5.2 million income tax benefit resulting primarily from the reversal of a valuation allowance against the company's deferred income tax assets. This compares to net income of $111.2 million, or $8.92 per diluted common share in the comparable quarter last year, which included the aforementioned recognition of product and other revenues of $108.0 million and an income tax benefit of $11.7 million.
* Non-GAAP net income was $5.5 million, or $0.42 per diluted common share, for the three months ended December 31, 2006, compared to non-GAAP net income of $2.5 million, or $0.20 per diluted common share, for the comparable quarter last year.
Six Months Ended December 31, 2006 Compared to 2005
* Revenues for the six months ended December 31, 2006 were $64.7 million compared to $131.9 million for the comparable period last year, which included the aforementioned recognition of previously deferred product and other revenues of $108.0 million.
* Net Dollar Volume of Contracts Written was $70.1 million for the current period, compared to $42.1 million for the same period last year.
* Total operating expenses were $57.3 million, compared to $38.8 million for the comparable period last year.
* Net cash provided by operating activities for the current period was $8.1 million.
* For the six months ended December 31, 2006, net income was $14.0 million, or $1.07 per diluted common share, which includes a $3.6 million income tax benefit resulting from the reversal of a valuation allowance against the company's deferred income tax assets. This compares to net income of $105.7 million, or $8.46 per diluted common share, in the comparable period last year, which included the aforementioned recognition of previously deferred product and other revenues of $108.0 million and an income tax benefit of $11.5 million.
* Non-GAAP net income was $9.5 million, or $0.72 per diluted common share, for the six months ended December 31, 2006, compared to non-GAAP net income of $2.6 million, or $0.21 per diluted common share, for the comparable period last year.
Outlook
Danks concluded, "We closed a very strong quarter and are quite positive about 2007. Therefore, we increased our expectations for fiscal 2007 annual growth of Net Dollar Volume of Contracts Written to approximately 40 percent over fiscal 2006. Additionally, we continue to anticipate non-GAAP net income, which assumes Net Dollar Volume of Contracts Written is recognized as revenue and related expenses are recognized at the time of sale, including income taxes at a blended rate of 40 percent, will grow at a faster percentage rate than Net Dollar Volume of Contracts Written."
Yup, hope IIG going to jump 20% hahaha..
Remember they actually raised guidance for FY07 on 12/19/06.
iMergent Increases Guidance for Fiscal 2007
Tuesday December 19, 7:05 am ET
- Two Sales Teams Launched in September 2006 Gain Traction -
- Preliminary International and Ongoing Marketing Results Strong -
- Continued Positive Testing With Marketing Partnerships Anticipated -
OREM, Utah--(BUSINESS WIRE)--iMergent, Inc. (AMEX:IIG - News), a leading provider of eCommerce and software for small businesses and entrepreneurs, announced it has increased guidance in Net Dollar Volume of Contracts Written (NDVCW) for its fiscal year ending June 30, 2007.
The company defines NDVCW as the gross dollar amount of contracts executed during the period less estimates for bad debts, discounts incurred on sales of trade receivables, and estimates for customer returns and believes NDVCW, although a non-U.S. generally accepted accounting principles (GAAP) metric, is a relevant metric to understand company operations. Management now expects NDVCW to grow 35 percent compared to fiscal 2006. Management previously stated expected NDVCW growth of 25 percent to 30 percent compared to prior year.
Don Danks, chairman and chief executive officer, stated, "First half of fiscal 2007 has exceeded our expectations. Response to our marketing campaigns has been strong, and our successful re-entrance into the international marketplace enables us to fully leverage our infrastructure and capture the rising demand in the eCommerce marketplace. Since reporting earnings in November, our two sales teams launched in September experienced traction. Also, marketing partnerships with American Express, Bank of America, and Paramount Payment Systems have delivered encouraging testing results, which we believe will continue. Furthermore, we continue to test marketing partnerships with three additional well-known financial institutions. As a result of these positive trends, we are increasing our guidance for fiscal 2007 NDVCW to grow 35 percent over fiscal 2006."
You are already up about 10%. IIG is now trading at $22.50 =)
I can't resist and just bought the $22.50 call option. Now I need it to go up about 8% to start making money on my option.
All indicators are turning positive (MACD, Volume, Money Flow, even the Momentum!)
http://www.profitspi.com/stock-chart-str.aspx?id=IIG&ca=1832354344
OPBL news after the close!!!
Optionable Inc Enters Into New Agreement With Opex International Inc
Monday February 5, 4:21 pm ET
VALHALLA, N.Y., Feb. 5 /PRNewswire-FirstCall/ -- Optionable, Inc. (OTC Bulletin Board: OPBL - News), a leading provider of natural gas and other energy derivatives brokerage services, announced it has entered into an agreement with Opex International Inc effective January 31, 2007, to provide a floor broker on the floor of the New York Mercantile Exchange (NYMEX(TM)) to trade certain derivatives. As a result of this agreement, the Company also announced that it has terminated its agreement with Capital Energy Services (CES) effective January 31, 2007, whereby CES had provided that service previously.
President Edward O'Connor said, "We believe that this agreement with Opex International will further enhance the transparency of the Company, and it will help facilitate a higher level of control of our operations in the natural gas and crude oil brokerage business we support on the floor of the NYMEX."
The Company did not incur any early termination penalties in connection with the CES termination. The Company expects to file a Form 8-K shortly.
I got these stocks in my spam folder over the weekend, but think they may jump a bit because of the PRs (friday after the close).
Risky play, get in and out FAST. I personally think MGOA can be a winner, because FBVG didn't make a run last week despite of the news.
MGOA (Megola Announces First Anti-Fire Product Shipment)
FBVG (Fire Mountain Beverage Company Develops Awesome New Energy Drink For 2Q-07)
I am also holding Long-Term:
OPBL - earnings release Tuesday after the close
GOFH - potential takeover target (like YouTube)
CPNE - great chart, stock repurchase program, Consumer Loyalty Group continued order growth; Commerce Planet anticipates filing its Annual 10-KSB earnings report in the later part of February.
Keep these on radar.
Thank you tsafi for finally understanding my point.
It only serves as a compliment because of your great picks that are worthwhile for other people to know and to benefit from them.
scorp, i don't just post on SS. I post in other boards as well.
apology accepted. please don't drag yourself to lebed's low level. Let's just only talk about trading and stocks here.
Have a great weekend.
i don't get you. how am i helping lebed?
1) i don't know lebed
2) i don't visit SS as much today and i didn't see the posts you were talking about (re SCLL)
3) I have been in SCLL since tsafi mentioned it. What's wrong with picking it for my weekly contest?
4) lebed is such an immature kid. do you think what he is doing now is going to influence tsafi's or my trading decision? I THINK NOT.
5) If Lebed is so immature (don't know about stocks but just keep on attacking people), why are you behaving so immature like him?
6) Have I said or done anything to you, for you to make such comment about me?
7) i am here to talk about stock only. if you want to keep on attacking me, please do it someplace else.
tsafi, I am just so disappointed and extremely frustrated that someone just made such negative comments about me, especially in this new board created by you. I thought this is going to be an entirely new beginning, but I am seeing posts that I used to be seeing in SS all over again.
whatever i am not here to start a fight.
what's wrong with posting tsafi's picks on SS. Who said i can't buy his picks? The reason i bought his picks because i trust his knowledge in the stock. Besides, I didn't specifically post his picks, i only picked them for the contest.
I bought SCLL - think it's oversold.
i bought ENDE - think the pps should be going higher
many people posted picks on several stock boards. i am not here to pump and dump. enough of that said, i am not here to start a pointless argument with you. tsafi i let you be the judge to decide whether i should be removed or not.
p.s. i have never had anyone to make such comment about me. whoever this scorp guy is sounds a lot like Red11 / MUSCHILECKER / ASSASSINATE
great to have new people joining this board. your opinion and insight on stocks are welcome. tsafi is great chart reader. He is always able to find picks that run 100%+.
Anyway, have a great weekend. I am in SCLL since 0.078. I hope it'll turn around next week. Extremely oversold.