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otc, re FORD
Looking very strong into the close. A little surprising considering the Nasdaq is having another bad hair day. I sold the rest of my FORD due to concerns over sustainability of last quarter's numbers, dilution of EPS, and the weakness in the broader markets. Now I'm sure it's headed to $10! LOL
Re-bought some CXTI around .90. Stock still getting no respect even though they've apparently started a PR campaign. This thing is so cheap I think it's worth the risk.
FORD having a good day after a slow start. Not sure if it keeps going to $8 or we see another dip to $6. I took some profits just in case. Any predictions?
JMIH.OB at .285 X .29. Added a few more. Q1 earnings of .01/share on modest revenue/income increases. Sounds like numbers were negatively impacted by hurricanes. Positive comments about industry being poised for growth in coming months. Backlog at record high and since then, they announced $2M in orders at a boat show. Looks like they could earn .04-.05/share in the current fiscal year. Not a multi-bagger, but could be a nice gainer if it went to the .40's in a few months.
Jupiter Marine Reports Fiscal 2005 First Quarter Results
Tuesday December 14, 5:27 pm ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 14, 2004--Jupiter Marine International Holdings, Inc.(JMIH.OB):
Fiscal 2005 First Quarter Highlights Compared to Fiscal 2004 First Quarter
Revenue increased 26.2% to $2.8 million
Net income increases 16.8% to $181,000
Order backlog increases to six months at October 30, 2004
Jupiter Marine International Holdings, Inc. (JMIH.OB), a designer, manufacturer and marketer of a diverse mix of high quality sportfishing boats under the Jupiter(TM) brand name, today announced financial results for the fiscal first quarter ended October 30, 2004 (see attached tables).
Net sales for the first quarter of fiscal 2004 increased 26.2% to $2.8 million from $2.2 million last year. Higher sales were due to continued strong demand for the Company's outboard product line. Gross profit of 25.2% remained stable as a percentage of sales from 25.5% in the prior year quarter, despite increasing costs of raw materials such as the petroleum-based resin used in the assembly of its vessels. The costs were offset by improved manufacturing efficiencies and better utilization of overhead. Net income applicable to common shareholders increased 27.2% to $162,000, or $0.01 per diluted share, on approximately 15.1 million diluted shares outstanding, from $128,000, or $0.01 per diluted share, on approximately 12.2 million diluted shares outstanding, for the first quarter of fiscal 2004.
Carl Herndon, Jupiter Marine's President, stated, "We are very pleased to have achieved growth in both sales and net income during a quarter that was marred by an active hurricane season in our home state of Florida. According to the Boat Owners Association of the U.S., the hurricane season resulted in $680 million in initial recreational boat losses. Though these hurricanes slightly slowed the production line for several boating manufacturers, including Jupiter Marine, we feel that the industry is primed for growth in the coming months. Demand for Jupiter Marine's vessels is at an all-time high, which we attribute to an expanding market of willing boat buyers, increased recognition of the Jupiter Marine brand name, the quality of our products and our dedicated and well-connected dealer network."
Jupiter Marine's balance sheet at October 30, 2004 was highlighted by a current ratio of 1.95:1; working capital of $920,000 compared to working capital of $743,000 at July 31, 2004; and a debt-to-equity ratio of 0.98:1 compared to 1.24:1 at July 31, 2004.
Mr. Herndon concluded, "We feel that there are definitive long-term indicators of future growth, both industry-wide and specific to Jupiter Marine. According to a release issued by the National Marine Manufacturers Association in September, the traditional powerboat segments, (outboard, sterndrive, and inboard boats) were up 20% in dollars and up 12.2% in units shipped through June, compared to the previous year. This runs concurrent with higher demand by consumers for our quality vessels, as our order backlog is running at a record six months at October 30, 2004. This is up from approximately four months at the same time last year. We feel that Jupiter Marine's outboard powered product line satisfies this growing market's desire for boats that offer the utmost in luxury performance. Our business strategy remains sound and on track: grow our brand name, broaden our established dealer network, stay aggressive in the market and generate positive cash flow. We have a great deal of confidence in our ability to progress towards these goals in fiscal 2005."
About Jupiter Marine International Holdings, Inc.
The Company designs, manufactures and markets a diverse mix of high quality sportfishing boats under the Jupiter brand name. Jupiter Marine boats are specifically designed to run at high speeds in offshore sea conditions while, at the same time, providing passengers with a smooth, comfortable and amazingly dry ride under adverse conditions. The outboard powered product line currently consists of five models of boats, including the 31' Open Center Console, 31' Cuddy Cabin, 31' Forward Seating Console, 27' Open Center Console and 27' Forward Seating Console. The Company's Web site address is www.jupitermarine.com.
This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters discussed in this press release include statements regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to the future operating performance of the Company. Investors are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward looking statements as a result of various factors.
Jupiter Marine International Holdings, Inc.
Consolidated Statements of Operations
Three Months Ended
------------------
October 30, November 1,
2004 2003
---- ----
NET SALES $ 2,756,530 $ 2,184,953
COST OF SALES 2,061,393 1,628,747
----------- -----------
GROSS PROFIT 695,137 556,206
----------- -----------
OPERATING EXPENSES:
Selling and marketing 94,403 77,668
General and administrative 335,374 248,046
Depreciation and amortization 74,037 58,831
----------- -----------
Total operating expenses 503,814 384,545
----------- -----------
OTHER INCOME (EXPENSE):
Interest expense (16,910) (20,677)
Other income 6,288 3,695
----------- -----------
Total other expense (10,622) (16,982)
----------- -----------
NET INCOME BEFORE INCOME TAXES 180,701 154,679
INCOME TAX EXPENSE -- --
----------- -----------
NET INCOME 180,701 154,679
Dividends on preferred stock (18,429) (27,111)
----------- -----------
NET INCOME APPLICABLE TO COMMON
SHAREHOLDERS $ 162,272 $ 127,568
=========== ===========
BASIC AND DILUTED NET INCOME (LOSS)
PER COMMON SHARE
Basic $ 0.01 $ 0.02
=========== ===========
Diluted $ 0.01 $ 0.01
=========== ===========
WEIGHTED AVERAGE NUMBER OF SHARES
OF COMMON STOCK OUTSTANDING
Basic 12,280,068 8,309,718
=========== ===========
Diluted 15,147,512 12,151,717
=========== ===========
Jupiter Marine International Holdings, Inc.
Condensed Consolidated Balance Sheet
October 30, 2004 July 31, 2004
Current Assets $1,879,354 $1,796,155
Total Assets $2,884,158 $2,718,486
Current Liabilities $ 959,016 $1,053,189
Total Liabilities $1,429,819 $1,509,248
Shareholders' Equity $1,454,339 $1,209,238
--------------------------------------------------------------------------------
Contact:
Jupiter Marine International Holdings, Inc.
Lawrence S. Tierney, 954-523-8985
or
JMIH Investor Relations Counsel:
The Equity Group Inc.
Adam Prior, 212-836-9606
Devin Sullivan, 212-836-9608
--------------------------------------------------------------------------------
Source: Jupiter Marine International Holdings, Inc.
kozuh, I don't understand your point. Yes, year-over-year growth looks good...but what about the 20% sequential drop in bookings and the expensive valuation?
bigpike et al, re PHPG
Isn't the 20% sequential drop in bookings somewhat worrisome? Plus no mention of whether or not Q4 was profitable. I certainly hope the bottom line showed a sequential improvement as the stock is trading at an annualized P/E of almost 40 based on Q3 earnings! A lot of people like this one, but I just don't find PHPG undervalued?
ALHC.OB in with another solid quarter. Earnings of .04/share vs. .03/share last year. Also a nice sequential rebound. 5 consecutive profitable quarters. No revenues given, guess we have to wait for the 10Q. Two new retail contracts mentioned in today's PR and JV announced last week may bode well for future growth. Crazy spread, but this looks like a real bargain near the bid of .65.
Alliance HealthCard Reports Fifth Consecutive Quarterly Profit for the Quarter Ended December 31, 2004
Monday January 24, 10:36 am ET
ALANTA--(BUSINESS WIRE)--Jan. 24, 2005--Alliance HealthCard (OTCBB: ALHC.OB - News) today reported its un-audited results for the quarter ended December 31, 2004.
For the three months ended December 31, 2004, Alliance reported net income of $174,767, or $0.04 per share, from $125,688, or $0.03. Gross profit as a percentage of revenue increased to 65% from 57%.
Robert D. Garces, Chairman and Chief Executive Officer, commented on the results of operations: "Alliance's record profitability for five consecutive quarters is a result of the addition of five new contracts for the year ended September 30, 2004, a decrease of network expense related to several changes in the Company's provider networks, and a reduction of royalty expense associated with an existing contract. We are currently implementing two new retail contracts and continue to be very encouraged by the increase in the activity level in our sales pipeline," Garces added.
ABOUT ALLIANCE HEALTHCARD
Alliance HealthCard, Inc. (OTC BB: ALHC - News) creates, markets, and distributes membership savings programs to predominantly underserved markets, where individuals have either limited or no health benefits. These programs allow members to obtain substantial discounts in over 16 areas of health care services, including physician visits, hospital stays, pharmacy, dental, vision, patient advocacy, and alternative medicine, among others. The company offers third-party organizations self-branded or private-label healthcare savings programs through its existing provider networks and systems. Founded in 1998 by health-care and finance experts to address the need for affordable health care nationwide, Alliance HealthCard now accesses a network of more than 600,000 healthcare professionals and serves over 800,000 individuals. Alliance HealthCard, Inc. is based in Norcross, Ga.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended and pursuant to the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to financial results and plans for future business activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competitive pressures, loss of significant customers, the mix of revenue, changes in pricing policies, delays in revenue recognition, lower-than-expected demand for the Company's products and services, business conditions in the integrated health care delivery network market, general economic conditions, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such speak only as of the date made.
--------------------------------------------------------------------------------
Contact:
Alliance HealthCard, Inc.
Robert D. Garces, 770-734-9255
(Fax) 770-734-9253
bgarces@alliancehealthcard.com
www.alliancehealthcard.com
--------------------------------------------------------------------------------
Source: Alliance HealthCard
wade, re CTIG news
Tonight's news is kind of a non-event. Just the completion of a sale announced in November. Seems like a positive to me.
CTI Group Reports Agreement of Sale of Xila Communications, LLC
WEDNESDAY, NOVEMBER 03, 2004 2:05 PM
- BusinessWire
INDIANAPOLIS, Nov 3, 2004 (BUSINESS WIRE) -- CTI Group (Holdings) Inc. (CTIG) has reached an agreement to sell substantially all of the assets of its wholly owned subsidiary, Xila Communications, LLC ("Xila"), to eGIX, Inc. ("eGIX"). Xila operates as a competitive provider of bundled local and long distance telecommunications products and services to enterprise customers in the Indianapolis region. Xila and eGIX also entered into a services agreement whereby eGIX became involved in the operations of Xila's business. The closing of this transaction and operations under the services agreement is contingent upon various matters including the approval of the Indiana Utility Regulatory Commission.
According to Brad Houlberg, President and CEO, "The agreement to sell Xila is another step in our continued direction to focus on the core competencies of the Company, which include real-time telemanagement, electronic invoice processing, expense management, and service solutions. The agreement to sell substantially all of the assets of Xila to eGIX will allow Xila's customers to take advantage of a much broader portfolio of enhanced telecommunication services."
CTI Group (Holdings) Inc. is an international provider of next-generation billing management, telemanagement and data management software and services for telecommunications service providers and their corporate customers. CTI Group's SmartBill(R), and Proteus(TM) product suites offer a full array of solutions for telecommunications usage analysis, mediation, and electronic invoice receipt, processing and payment. CTI Group's products are in daily use by some of the top service providers in North America and the United Kingdom, and play a trusted role in managing telephony costs at major corporations around the world. Headquartered in Indianapolis, CTI Group maintains an overseas office in London. For more information, please visit CTI Group's website at www.ctigroup.com.
Headquartered in Carmel, Indiana, eGIX is a privately held integrated communications provider in the U.S. with a national network operating in various metropolitan service areas. eGIX serves as a single source for unified voice and data solutions, Internet access, VoIP applications, local line services and a suite of enhanced services including unified messaging. eGIX also wholesales enhanced service solutions to other Local Exchange Carriers (LECs), Competitive Local Exchange Carriers (CLECs), Personal Communications Service (PCS) and cellular providers.
Safe Harbor Statement
This press release contains "forward-looking" statements. Forward-looking statements include, but are not limited to statements of assumptions underlying other statements and statements about the Company and its business relating to the future; and any statements using the words "could", "should", "anticipate", "expect", "may", "project", "intend" "will" or similar expressions.
The Company's ability to predict projected results or the effect of events on the Company's operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed in this document. In addition to information provided elsewhere in this document, shareholders should consider the following: the risk that the Company will not be able to attract and retain customers to purchase its products, the risk that the Company will not be able to commercialize and market products; results of research and development; technological advances by third parties; competition; future capital needs of the Company; history of operating losses; dependence upon key personnel and general economic and business conditions. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission, including the Form 8-K filed November 2, 2004.
SOURCE: CTI Group (Holdings) Inc.
CTI Group (Holdings) Inc.
Fred Hanuschek, 317-262-4666
Copyright (C) 2004 Business Wire. All rights reserved.
judicial, re CSPI
I was hoping the addition of the dreaded "E" and a weak Nasdaq might knock the stock down to $7 (where I would scoop some up). No such luck. P/E not real low, but they've also got over $3/share in cash on the balance sheet. Also like the sector and the steady growth. Q1 numbers should be out within the next couple of weeks and it should be a favorable comp. If they can post Q1 earnings of .15/share vs. a loss last year on 25% revenue growth, stock should get a pop. Although it may not be much of a pop if the current market funk continues.
Thanks for the info, Tom. I hope you don't mind, but I copied your post to the value microcaps board here on iHub. You may want to check it out...
http://www.investorshub.com/boards/board.asp?board_id=3251
We look for profitable microcaps with solid fundamentals (preferrably strong growth, low P/E, and healthy balance sheet...although those are tough to find lately). PDGE is a favorite of mine as well as many others on the board.
Hope to see you over there!
For those who follow PDGE, there was a nice post by tomrox98 over on the iHub board:
Other Comments
I am a contractor and was sitting in a job meeting yesterday.
The project is a remodel of a state mental health facility.
The mold remediation contractor (not PDGE) was going on about his progress and my ears perked up. After the meeting I cornered him and asked if he had heard of PDGE. His eyes lit up and he said ohhhhhh yes.
Basically,
PDGE used to have a Chicago office but it was closed a few years back. This guy has some dealings with them and said that PDGE was a pleasure to work with in all regards. They were very well organized, and stayed on top of all of the details inherent in the construction / services industry. Most important, they were fair and up front in their business dealings. Bills were paid on time when submitted, without a bunch of hassles. Everybody knew what was expected of them at all times. The jobs ran smoothly, and PDGE would get their hands in a lot of things. Mold removal, asbestos removal, demolition, even some big window jobs. This guy was very sad to see them close the office. Perhaps the way things are done in Chicago was too much to deal with. (Yes, it is enough to drive you absolutely crazy) But the long and short of it is that Corporate wants decent margins. (40%) If the magic isn't happening they will make a few personnel changes and if necessary exit a market. Corporate really insists on acceptable margins.
I like this strategy a lot. Try new things, and if it works, go for it. If it doesn't...move on. If a particular market is too competitive (on price) or has too many players, get out. You won't know until you try. Through tight controls and solid corporate support, good things in many branches will happen company wide.
As I review the facts surrounding PDGE, most compelling are:
The company has figured out how to make $ recently.
Backlog is solid.
We are converting better than ever. Notice the spike in sales and very flat corporate overhead as a % of sales.
We cover most of the nation, and can capture some national accounts.
The industry trends are very favorable. IT IS MUCH LESS COSTLY TO REMOVE THE MOLD THAN TO LOSE A TENANT OR LITIGATE.
Most people are terribly afraid of mold because they don't fully understand it. They DO know that it is bad. (kind of like cancer. cancer is never good, always bad)
This is a good business to be in all things considered. I imagine that purchasing liability insurance is a real wild card, but every business has that wild card. For some of us it is the cost of steel, for airlines it is the cost of jet fuel.
I like this industry, and PDGE in particular.
I am ok with acquisitions, but would much rather prefer that they buy a proven winner than a turnaround story. The turnaround stories are very difficult and take years to complete. The "hairy" operators usually get a lot "hairier" as problems are uncovered.
Further cause for excitement surrounds how this company will perform once the stuggling offices get their act together. The potential will be amazing.
Also, the T&M portion of PDGE's business is high, and growing.
This is the gravy work, people. It is hard for me to describe this type of work other than to say that performance (speed and quality) is more important than price.
In my business, I have had the $100,000 contracts make $65,000 gross profit, and the $700,000 ones make $5,000 gross profit. You've got to do your best at balancing the 2 types of work and making sure your bids on the big ones are carefully prepared.
One final key point is...if the backlog of work is rising in the offices that are doing well....look out. much better times ahead. :)
Tom
rrat, re PIHC
Q2 earnings should be out by 2/15. We should see a CC announcement in a couple of weeks. They've got an easy comp coming up. In the last earnings PR, management said they looked forward to continued growth and improved profitability for the rest of the fiscal year. I'm hoping for Q2 earnings of .05/share vs. breakeven last year, with revenues up 25%+.
wade, re CTIG
I'm not sure why you chased it at .58? It was up nearly 60% in 2 days! Why didn't you look at this one earlier?? It's been sitting in the high .30's for 2 months since Q3 earnings in November. I mentioned it several times on the RB board as well as in posts 2289, 1537, 1508, 1460, and 458 here.
linuspop, re JMIH
I think those shares are actually a bonus for the CEO and CFO. They were pretty generous to themselves!
Added some FORD on the pullback. Should have sold it all this morning when it jumped to the mid-$7's. Oh well. Still think people will look at yesterday's blowout earnings PR and send the stock to $8+ in the next couple of weeks. Also feel the markets are due for a bounce next week.
Thanks Footwedge. Didn't even notice the price of the HPON (duh!). But you're absolutely right, teaming up with a subpenny pink sheeter doesn't instill a lot of confidence. Now I know why there was no pop on the news! LOL
Congrats Mr Reef. I've been taking profit as well. Approaching fair value considering the variability of patent income, but the unusually high volume the past 2 days makes me wonder if there is something else behind this move.
WIRX.OB actually has some news! Maybe this is the beginning of the long-awaited PR campaign...
Wireless Xcessories Group Signs Distribution Agreement With Hop-On
Friday January 21, 10:58 am ET
IRVINE, Calif., Jan. 21 /PRNewswire-FirstCall/ -- Hop-on.com, Inc. (OTC: HPON - News) today announced that Wireless Xcessories Group, the leading organization in the USA selling wireless accessories to independent wireless dealers and distributors, has chosen Hop-on to be its primary supplier as it expands for the first time into the sale of handsets.
Steve Rade, CEO of Wireless Xcessories Group, stated, "We've researched the market and decided that Hop-on's phones provided the best combination of features and pricing. We feel the time is right for accessory manufacturers and distributors like ourselves to offer our customers the convenience of ordering phones and accessories from one source. Along with the profitability selling a product line like Hop-on's, we intend to manufacture a line of high quality core accessories to compliment each handset model. There will be a premier vehicle power adapter, a lambskin case and a personal hands free device."
Dan Gannon, Chief Executive Officer of Hop-on commented, "We are very pleased that Wireless Xcessories Group has selected Hop-on as its primary handset supplier. We welcome them to our select group of distributors in the United States and look forward to a long and mutually beneficial relationship."
About Wireless Xcessories Group
The Wireless Xcessories Group (NASDAQ symbol WIRX) is the largest wholesaler of aftermarket accessories in America, providing it's products to dealers, distributors and airtime carriers. Its corporate headquarters is located in Huntingdon Valley, PA and its products are sold to resellers in all 50 states, the Caribbean and Latin America. With over 3,000 items covering more than 100 different brands of cell phones, Wireless Xcessories Group is a one stop accessory source that sells to a customer base including over 2,000 dealers plus leading phone distributors, national airtime carriers and mass merchandisers. For more information, visit http://www.wirexgroup.com.
About Hop-on.com, Inc.
Hop-on (OTC: HPON - News) develops and markets wireless phones and accessories as well as wireless surveillance systems. It product line includes the next generation CDMA2000 handsets designed by its Dallas R&D team as well as GSM/GPRS handsets. Hop-on targets its phones to both emerging market carriers and other domestic carriers and resellers needing an entry level priced phone. In addition, Hop-on offers a line of innovative and attractively priced wireless accessories for both Hop-on phones and other leading manufacturers as well as affordable, wireless surveillance systems. Hop-on is also known for developing the world's first disposable cell phone. It was an IS-95 CDMA phone that was sold to consumers with prepaid airtime and included the capability to add on additional minutes. For more information, visit http://www.Hop-on.com.
CONTACTS:
David Pasquale, 646-536-7006 of The Ruth Group,
http://www.TheRuthGroup.com
This Company's news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, software functionality and capacity, timing of the commencement of operations and cash flow, and are indicated by words or phrases such as "anticipate," "estimate," "plans" and similar words or phrases. The following are among the principal factors that could cause actual results to differ materially from the forward-looking statements: general business and economic conditions in the Company's operations, including the rate of inflation, population, employment and job growth rate, the pricing pressures and other competitive factors and issues arising from year 2000 information technology issues. Consequently actual events and results may vary significantly from those included in or contemplated or implied by such statements.
--------------------------------------------------------------------------------
Source: Hop-on.com, Inc.
Len, TSTA.OB .62 X .75! Guess people aren't worried about the backlog. Fine with me.
:)
Haven't seen stocks moving like this since December...
CTIG.OB at .52 X .53! Yeehaw!! Doesn't look like it's done yet. Incredible volume again today and Level II keeps getting stronger. Anyone else in this one?
stckpkr70, re ADNWE
The reason I think earnings will be down in Q4 is because they had net income of $1,737,000 in the year ago quarter. They had a small tax benefit instead of a small tax expense. Also no preferred dividends. Can't find the exact shares O/S from last year, but it looks like EPS were .07 in last year's Q4. Why do you think they can beat that this year?
wade, re FORD IPII
No, I don't think that .21/share is sustainable. Next quarter should be strong, but obviously the additional shares is going to hurt EPS. I wouldn't chase this or any stock, although I do feel there could be an additional $1 pop today. Don't underestimate the power of momentum and daytraders. They don't do DD like people on this board. Some of them actually buy and don't even know what the company does! I watched momo players push ANTP to the $50's even though if anyone spent 10 minutes reading the prior 10Q, they'd see that revenues, earnings, and backlog were all going to drop sequentially.
As for IPII, Q4 and Q1 are their seasonally slow quarters. Might be counteracted this year by increased activity following hurricanes. With the impending reverse split, I'd rather wait and see the numbers.
Len, re TSTA
The move above .50 today does look good. They should have a strong Q2 report in early February. They have such an easy comp...could post a 200-300% revenue increase and earnings of .01-.02/share vs. a loss last year. The only thing that worries me...after announcing some sizable deals last summer...there have been zero new order PR's since early September. Can't bode well for the backlog. I think the stock could pop on earnings, but will be looking to sell if my backlog fears are confirmed.
Barry, re ADNWE
I haven't followed them for awhile. But I don't remember seeing anything that looked suspicious on this one.
I just can't excited about the numbers. Yes, revenues and net income showed huge increases last quarter. But the shares O/S doubled as well, which caused EPS to actually decline. Comps are going to get tougher and EPS will likely be down again next quarter. Seems fairly valued at a P/E of 10.
tbone, re NWAU
I rode it from the .20's to the .40's when they announced their original guidance of .30/share in 2005. Didn't want to hold it too long as it looks pretty scammy to me. The constant PR barrage is a common pump tactic. Instead of getting the filings done, now they're raising guidance? Am I the only one who thinks 20% NET margins on a group of used car dealerships is just a tad ambitious??
My guess is you guys will be waiting for those filings for a LONG time. I can hear it now...the financials were almost completed, but then the acqusition caused a delay...
stock peeker, re WHAI
I would be VERY suprised if they earn over .10/share in 2005.
Pretty shady company. Did you see that PR this week announcing that as a result of many acquisitions, they now have over $100M in assets. Too funny! Oh wait...should we check and see how much of that is goodwill (my guess is a huge chunk). Or what the liabilities amount to?
Last quarter they had $40M in assets and a tangible shareholders' deficit of ($10M). I just can't believe this piece of junk has a $129M market cap!
stock peeker, re WHAI.OB
I always get a kick out of these companies with hardly any earnings that make these wildly optimistic projections about how strong EPS will be this year. WHAI has 39M shares O/S. To achieve their 2005 guidance of .50-.55/share in earnings, they'll need $19.5-$21.5M in net income! Pretty tall order for a company that had net income of $29K last quarter!! haha
The sad thing is investors keep believing these ridiculous statements. In my eight years of OTC:BB experience, I've seen hundreds (maybe thousands) of these claims. Still waiting for ONE of them to come true.
mandjb, re CTIG
I don't know what's going on. Volume is exploding and price is finally starting to move up. Surely not because of my post.
Interesting Form 4 filing by CTIG.OB. Looks like an investment group (of which CTIG Chairman is the managing member) bought 667,351 shares this week at .38.
With .27/share in cash on the balance sheet, a strong Q3 earnings report, and a recent product launch...this stock could do well in the coming months.
CTI Group Reports Profitable 3rd Quarter and a 44% Increase in Revenues
Monday November 15, 4:45 pm ET
INDIANAPOLIS--(BUSINESS WIRE)--Nov. 15, 2004--CTI Group (Holdings) Inc. (OTCBB:CTIG - News), an international provider of billing management and transaction analysis software for the communications industry, reported revenues of approximately $4.2 million for the three months ended September 30, 2004 compared to approximately $2.9 million for the same period last year, an improvement of approximately 44%. For the nine months ended September 30, 2004, revenues increased to approximately $11.8 million from approximately $8.9 million for the same period last year, an increase of approximately 33%. The increase in revenues was primarily the result of increased revenues derived from new customers and the existing customer base combined with new patent license fee revenues.
The Company reported net income of approximately $450 thousand or two cents per share in the third quarter of 2004 compared to a net loss of approximately $480 thousand or two cent loss per share in the third quarter of 2003. For the nine months ended September 30, 2004, the Company reported net income of approximately $24 thousand or zero cents per share compared to a net loss of approximately $976 thousand or four cent loss per share for the same period in 2003. The improvement in reported net income was primarily driven by the increased revenue base.
Commenting on the results, Brad Houlberg, President and CEO, stated, "I am encouraged by the continued increase in revenues for the year. The six consecutive quarterly increases in revenues when compared to the prior year's quarters are indicative of strong Company momentum surrounding our core invoice management product SmartBill® and international telemanagement product Proteus(TM). We look forward in continuing the building momentum to the next year with the introduction of our new products, SmartBill® Connect, which is a web-based, interactive invoice management, analysis and reporting solution and SmartSpend® our new telecom expense management software."
About CTI Group
CTI Group (Holdings) Inc. is an international provider of next-generation billing management, telemanagement and data management software and services for telecommunications service providers and their corporate customers. CTI Group's SmartBill®, Proteus(TM) and Smart Spend® offer a full array of solutions for traffic analysis, mediation, post-billing call analysis, and customer care and billing. CTI Group's products are in daily use by some of the top service providers in North America and the United Kingdom, and play a trusted role in managing telephony costs at major corporations around the world. Headquartered in Indianapolis, CTI Group maintains an overseas office in London. For more information, please visit CTI Group's website at www.ctigroup.com.
Safe Harbor Statement
This release may contain "forward-looking" statements. Examples of forward-looking statements include, but are not limited to: (a) projections of revenue, capital expenditures, growth, prospects, dividends, capital structure and other financial matters; (b) statements of plans and objectives of the Company or its management or Board of Directors; (c) statements of future economic performance; (d) statements of assumptions underlying other statements and statements about the Company and its business relating to the future; and (e) any statements using the words "could", "should", "anticipate", "expect", "may", "project", "intend" "will" or similar expressions. The Company's ability to predict projected results or the effect of events on the Company's operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed in this document. In addition to information provided elsewhere in this document, shareholders should consider the following: the risk that the Company will not be able to attract and retain customers to purchase its products, the risk that the Company will not be able to commercialize and market products; results of research and development; technological advances by third parties; competition; future capital needs of the Company; history of operating losses; dependence upon key personnel and general economic and business conditions. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission, including the Form 10-KSB for its most recent fiscal year ended December 31, 2003 and Form 10-QSB filed for the quarter ended September 30, 2004.
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Contact:
CTI Group (Holdings) Inc.
Fred Hanuschek, 317-262-4666
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Source: CTI Group (Holdings) Inc.
stock peeker, re WIRX
Last I heard they were launching a PR campaign in Q1, so I'm waiting to see something on that front. If we hear nothing before late March when earnings are released, I'll be a little worried and will probably reduce my position.
Stock has held up well lately. Could run if it breaks that resistance at $2.05-$2.10. With Q3 earnings of .06/share and about .50/share in cash on the balance sheet, think this could trade in the mid-$2's.
wade, re FORD
I certainly was not expecting such a huge increase. I don't recall any seasonality, but it appears in 2001-2003 the Dec quarter was the high mark for revenues. Was not the case in 2004. Not sure what to expect going forward, but I doubt they can sustain these incredible numbers. Still think stock could see further upside short-term.
p.s. Maybe this will bode well for Q4 report from WIRX!
Wow! Just got in to see the MONSTER quarter from FORD. I think I left 5 minutes before the PR came out...don't you hate when that happens? :(
Wish I had been holding more shares into earnings. Certainly was not expecting anything close to these numbers. Q1 revenues up 98%. Q1 net income up 613%. Q1 after-tax earnings of .21/share vs. .03/share last year! Nasdaq has cooled off, but I think this could still be headed to $8-$10. Wish I could have bought more on the news, but added some in the low $6's.
OT--kozuh, this is my last reply on the subject as it is so ridiculous. I am just stunned that you do not understand dilution. In your example, I would not say the shares are "very diluted". That doesn't really make any sense. Now I would say 300M shares O/S is high. And if they had 50M-100M shares a year ago, I would say there is a risk of further dilution.
Uh Rainman, 4 for 1 split is needed for the Nasdaq listing? A forward split is just going to move them further away from the $4 price requirement. If they really were trying to get on the Nasdaq, they'd be talking reverse split.
Len, kozuh had to be kidding. Dilution is a factor of annual revenues? Say what?? If annual revenues exceed shares O/S, there's no dilution (whew!). But if shares O/S is greater than annual revenues, you have a dilution problem.
Len, re TCCO
Still love the balance sheet and sector, but I sold out (too soon of course) on that run to $7 in late November. Surprised the stock went so high after company posted solid Q4 results but sounded cautious in their guidance. Backlog dropped sequentially from $1,390,000 to $950,000. Even though they have an easy Q1 comp coming up in a couple of weeks, I think there is a decent risk of disappointment.
Thanks Len. Got a good chuckle when I read the PR's on TLTD. I can't believe anyone would believe this company is legit.
Congrats kozuh, but how exactly is VDSI a value microcap??? It's market cap is approaching a quarter of a billion dollars. They guided for Q4 earnings of .01-.02/share, which would give them .09-.10/share for the year. With the stock at $7.40, the P/E will be between 74 and 82! Projected 2005 revenue growth of 35-45% looks good, but the stock already seems priced for perfection.
TMFZ.OB hits $3! New 52-week high. Terrific numbers the last few quarters, but higher interest rates have to catch up with them at some point?
dickmilde, thanks for posting that. Had noticed the increased volume lately. Looks like a nice write-up. Hopefully JMIH will continue its efforts to get the word out in the months ahead.