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HUGE: RAD:NYSE refinances debt $1.46 + $.22. $2 + this week
http://finance.yahoo.com/news/Rite-Aid-Completes-19-Billion-bw-963973117.html?x=0&.v=1
RAD had $300 MM cash flow last quarter now an investment grade company. $3 soon.
LBIX and FRZ:NYSE 3 baggers IMO. Why I like FRZ, an ice distributor:
-As seassonal a business as it gets, $50 MM cash genrated in April - September:
http://finance.yahoo.com/q/is?s=FRZ
-Small float
-Insider buying again recently.
-A big seller that has been selling, Sherman is finished.
-FRZ Can be explosive.. ran from $1.80 to nearly $4 in a few days a few months ago.
LBIX and FRZ:NYSE 3 baggers IMO. Why I like FRZ, an ice distributor:
-As seassonal a business as it gets, $50 MM cash genrated in April - September:
http://finance.yahoo.com/q/is?s=FRZ
-Small float
-Insider buying again recently.
-A big seller that has been selling, Sherman is finished.
-FRZ Can be explosive.. ran from $1.80 to nearly $4 in a few days a few months ago.
LBIX - sorry meant health drinks
LBIX:NASDAQ $.31 +$.11 PROFIT announced
LBIX bottled health drinks. was $5 a few years ago last time it was profitable. Hot sector, low float, summer peak season. $1 target
LBIX:NASDAQ $.31 +$.11 PROFIT announces
LBIX bottled gelth drinks. was $5 a few years ago last time it was profitable. Hot sector, low float, summer peak season. $1 target
Now thats a vote of confidence in GBE! http://secfilings.nasdaq.com/filingFrame...
Trade Date
----------------------------------------------------- ---------------------------
Buyer
----------------------------------------------------- ---------------------------
Shares
Purchased
----------------------------------------------------- ---------------------------
Share Price
----------------------------------------------------- ---------------------------
700,000
ODP NYSE Office Depot will be multi day runner on huge news $350 MM investment at big premium over share price
http://finance.yahoo.com/news/Office-Depot-Announces-350-bw-3624526062.html?x=0&.v=
Office Depot will be multi day runner on huge news $350 MM investment at big premium over share price
http://finance.yahoo.com/news/Office-Depot-Announces-350-bw-3624526062.html?x=0&.v=1
don't know but some yahoo posters said it was just a personal issue with a director company would be not affected, in any case insurance would cover it no biggie
$10 easy.
regarding wstl I think fiscal 2010 is now.
GBE NASSIVE insider buys 700000 shares. Reminds me of ATSG when it tripled on huge insider buys. Also read in the Canadian paper on weekend Phoenix property market all of a sudden going nits, bidding wars. Also like nrew energyu infrastructure alliance.
http://biz.yahoo.com/t/74/349.html
Don't wait too long watching.. $1 soon.
WSTL:NASDAQ $.63 trades @ cash value CASH FLOW POSITIVE WSTL is the best buy on NASDAQ:
$200 MM annual sales
$.63 with $.60 / share cash and no debt
Cash flow positive, cash increased $3 million last quarter
Backing out the cash, WSTL non cash assets trades for $.03.. an
INSANE Price.
WSTL will not be below $1 for long.. it is in better shape than when it was $3 in 2006.
WSTL:NASDAQ $.63 trades @ cash value CASH FLOW POSITIVE WSTL is the best buy on NASDAQ:
$200 MM annual sales
$.63 with $.60 / share cash and no debt
Cash flow positive, cash increased $3 million last quarter
Backing out the cash, WSTL non cash assets trades for $.03.. an
INSANE Price.
WSTL will not be below $1 for long.. it is in better shape than when it was $3 in 2006.
In Canadian business paper Globe and Mail today it said Sunbelt markets starting to go nuts.. Phoennix bidding wars.. prices rose month over monthn in May.
I think GBE can move to $2 quickly. A lot of momo traders follow Insider buys.. One director bought 700,000 this month. Last spenny tock I saw with that level of inside buys was ATSG- it tripled to $2.50.
Also like the enw energy and infrastructuure business - HUGE sector.
Good luck. think it can be $10 post FDA approval but will take $8.
debt
WSTL is the last screaming no brainer remnant from the crash, cash flow positive, slashing costs debt free trading at cash value:
On a non-GAAP basis, revenue for the fiscal fourth quarter was $56.3 million, up 27.5% from the same quarter last year and up 18.7% from the fiscal third quarter of 2009. The increase in the current quarter compared to prior quarters is due primarily to shipments of UltraLine Series3 gateways which started in the fiscal third quarter of 2009. Non-GAAP net loss during the fiscal fourth quarter was $0.7 million[1], or a loss of $0.01 per share[1], compared to a non-GAAP net loss of $5.4 million[1], or a loss of $0.08 per share[1], in the prior year. The lower non-GAAP loss per share was positively impacted by increased shipments and by lower operating expenses resulting from recent restructuring activities and cost containment initiatives.
“In the fourth quarter of fiscal year 2009, Westell produced improving results in the face of a very difficult economic environment,” said Rick Gilbert, President and Chief Executive Officer of Westell Technologies. “However, we clearly recognize that losses, albeit small, are not acceptable. In our plan for fiscal year 2010, we have focused on structuring the business to address our losses and lay a foundation for building long-term value.”
The Company supplements its financial analysis of the business using non-GAAP measures which may provide additional insight into current operating performance. The presentation at the end of this press release includes financial tables that reconcile non-GAAP measures to GAAP measures. There are two non-GAAP adjustments affecting the fiscal fourth quarter. First, during the quarter, the Company continued to ship UltraLine Series3 next-generation gateways which support a major customer’s fiber-to-the-home (FTTH) offering. Fiscal fourth quarter revenues totaling $14.6 million and certain related direct costs for these product shipments are deferred, and not recognized in the quarter, based on the required accounting for related software deliverables. This adjustment increases non-GAAP net income for the quarter by $0.4 million. Second, gross profit and operating expenses are adjusted to exclude $0.9 million of incremental non-cash lease expense that was accrued in the fiscal fourth quarter. This accrual corrects cumulative lease expense that was under-recorded by small amounts over multiple prior periods.
Fiscal Fourth Quarter Division Results
Customer Networking Solutions (CNS) reported revenue of $16.7 million in the fourth quarter of fiscal 2009, compared to $16.9 million in the same quarter of last year. On a non-GAAP basis, revenue was $31.3 million[1] for the quarter, compared to $16.9 million in the same quarter of last year and $24.2 million[1] in the fiscal third quarter of 2009. The increase in current quarter non-GAAP revenue compared to prior quarters is due primarily to shipments of UltraLine Series3 gateways which started in the third fiscal quarter of 2009.
OSPlant Systems reported revenue of $14.4 million in the fourth quarter of fiscal 2009, compared to $13.2 million in same quarter of last year and $12.4 million in the fiscal third quarter of 2009.
ConferencePlus revenue was $10.6 million during the fiscal fourth quarter of 2009, compared to $14.1 million in the same quarter of last year, and $10.9 million in the fiscal third quarter of 2009. The decrease in revenue from the fiscal fourth quarter of 2009 compared to the same period in the prior year was due primarily to the previously announced loss of revenue from a large customer.
Fiscal Year 2009 Results
Revenue was $161.2 million for the fiscal year ended March 31, 2009, compared to $205.7 million in fiscal 2008. Net loss in fiscal 2009 was $16.7 million, or a loss of $0.24 per share, compared to a net loss of $76.2 million or a loss of $1.08 per share in fiscal 2008. On a non-GAAP basis, revenue for fiscal 2009 was $186.5 million[1], with a net loss for fiscal 2009 of $13.0 million[1] or a loss of $0.19 per share[1]. This compares to a non-GAAP net loss of $6.8 million[1] or a loss of $0.10 per share[1] in fiscal 2008.
Total cash and short term investments as of March 31, 2009 was $46.1 million, compared to $68.3 million at March 31, 2008 and $43.8 million at December 31, 2008.
Board and Officer Appointments
On February 23, 2009, Richard S. Gilbert joined Westell as President and Chief Executive Officer.
The Company appointed James M. Froisland and Martin H. Singer Ph.D. to the Board of Directors on March 19th and March 25th, respectively. Mr. Froisland serves on the finance and audit committees and Mr. Singer serves on the compensation and technology committees.
Effective April 20, 2009, the Company appointed Brian S. Cooper as Chief Financial Officer and reassigned Amy T. Forster as Chief Accounting Officer.
Fiscal Year 2010 Objectives
“We have set aggressive but realistic plans for fiscal year 2010, with an objective for the year of break-even operating profit on a consolidated basis,” said Gilbert. “Given the current economic environment, we are also focused on conserving our cash and achieving positive cash flow for the year.”
WSTL $.61 + $.05 Cash flow positive and $.60 cash / share no debt
WSTL is the last screaming no brainer remnant from the crash, cash flow positive, slashing costs debt free trading at cash value:
On a non-GAAP basis, revenue for the fiscal fourth quarter was $56.3 million, up 27.5% from the same quarter last year and up 18.7% from the fiscal third quarter of 2009. The increase in the current quarter compared to prior quarters is due primarily to shipments of UltraLine Series3 gateways which started in the fiscal third quarter of 2009. Non-GAAP net loss during the fiscal fourth quarter was $0.7 million[1], or a loss of $0.01 per share[1], compared to a non-GAAP net loss of $5.4 million[1], or a loss of $0.08 per share[1], in the prior year. The lower non-GAAP loss per share was positively impacted by increased shipments and by lower operating expenses resulting from recent restructuring activities and cost containment initiatives.
“In the fourth quarter of fiscal year 2009, Westell produced improving results in the face of a very difficult economic environment,” said Rick Gilbert, President and Chief Executive Officer of Westell Technologies. “However, we clearly recognize that losses, albeit small, are not acceptable. In our plan for fiscal year 2010, we have focused on structuring the business to address our losses and lay a foundation for building long-term value.”
The Company supplements its financial analysis of the business using non-GAAP measures which may provide additional insight into current operating performance. The presentation at the end of this press release includes financial tables that reconcile non-GAAP measures to GAAP measures. There are two non-GAAP adjustments affecting the fiscal fourth quarter. First, during the quarter, the Company continued to ship UltraLine Series3 next-generation gateways which support a major customer’s fiber-to-the-home (FTTH) offering. Fiscal fourth quarter revenues totaling $14.6 million and certain related direct costs for these product shipments are deferred, and not recognized in the quarter, based on the required accounting for related software deliverables. This adjustment increases non-GAAP net income for the quarter by $0.4 million. Second, gross profit and operating expenses are adjusted to exclude $0.9 million of incremental non-cash lease expense that was accrued in the fiscal fourth quarter. This accrual corrects cumulative lease expense that was under-recorded by small amounts over multiple prior periods.
Fiscal Fourth Quarter Division Results
Customer Networking Solutions (CNS) reported revenue of $16.7 million in the fourth quarter of fiscal 2009, compared to $16.9 million in the same quarter of last year. On a non-GAAP basis, revenue was $31.3 million[1] for the quarter, compared to $16.9 million in the same quarter of last year and $24.2 million[1] in the fiscal third quarter of 2009. The increase in current quarter non-GAAP revenue compared to prior quarters is due primarily to shipments of UltraLine Series3 gateways which started in the third fiscal quarter of 2009.
OSPlant Systems reported revenue of $14.4 million in the fourth quarter of fiscal 2009, compared to $13.2 million in same quarter of last year and $12.4 million in the fiscal third quarter of 2009.
ConferencePlus revenue was $10.6 million during the fiscal fourth quarter of 2009, compared to $14.1 million in the same quarter of last year, and $10.9 million in the fiscal third quarter of 2009. The decrease in revenue from the fiscal fourth quarter of 2009 compared to the same period in the prior year was due primarily to the previously announced loss of revenue from a large customer.
Fiscal Year 2009 Results
Revenue was $161.2 million for the fiscal year ended March 31, 2009, compared to $205.7 million in fiscal 2008. Net loss in fiscal 2009 was $16.7 million, or a loss of $0.24 per share, compared to a net loss of $76.2 million or a loss of $1.08 per share in fiscal 2008. On a non-GAAP basis, revenue for fiscal 2009 was $186.5 million[1], with a net loss for fiscal 2009 of $13.0 million[1] or a loss of $0.19 per share[1]. This compares to a non-GAAP net loss of $6.8 million[1] or a loss of $0.10 per share[1] in fiscal 2008.
Total cash and short term investments as of March 31, 2009 was $46.1 million, compared to $68.3 million at March 31, 2008 and $43.8 million at December 31, 2008.
Board and Officer Appointments
On February 23, 2009, Richard S. Gilbert joined Westell as President and Chief Executive Officer.
The Company appointed James M. Froisland and Martin H. Singer Ph.D. to the Board of Directors on March 19th and March 25th, respectively. Mr. Froisland serves on the finance and audit committees and Mr. Singer serves on the compensation and technology committees.
Effective April 20, 2009, the Company appointed Brian S. Cooper as Chief Financial Officer and reassigned Amy T. Forster as Chief Accounting Officer.
Fiscal Year 2010 Objectives
“We have set aggressive but realistic plans for fiscal year 2010, with an objective for the year of break-even operating profit on a consolidated basis,” said Gilbert. “Given the current economic environment, we are also focused on conserving our cash and achieving positive cash flow for the year.”
TRIB next FDA approval monster
Unlike other biotechs, TRIB is PROFITABLE, it earned $.12 in its last quarter, its slowest quarter. 2 FDA approvals pending:
Trinity Biotech (NASDAQ:TRIB): On 3/10/09, TRIB provided the following update on the Company's new haemostasis (blood clotting) analyzer, Destiny Max, which has already been launched in markets outside the US. TRIB announced the submission of a 510(k) to the FDA on 12/23/08. TRIB expects to receive clearance and launch the Destiny Max high throughput coagulation analyzer in the US market toward the end of 2Q09.
On 3/9/09, TRIB announced the start of CLIA trials for its TRI-stat point-of-care HbA1c product, which is designed to measure HbA1c to assess a patient's average blood sugar control over the previous 2-3 months. Utilizing a patented boronate affinity and two-phase optical system, together with a simple, fully automated, plug-and-play instrument design, TRI-stat offers highly accurate results in minutes while eliminating the need for refrigeration required by three competing products. TRIB provided guidance that the trial would take about 4-6 weeks to complete at four locations at which point the data will be submitted to the FDA for CLIA approval.
GBE Big news out, MASSIVE Insider buys
as well
http://finance.yahoo.com/q/it?s=GBE
Sold lZB for 100% gain. WSTL next "no brainer" $.61, cash flow positivre and has $.65 / share vcash with no debt.
Sold lZB for 100% gain. WSTL next "no brainer" $.61, cash flow positivre and has $.65 / share vcash with no debt.
Sold lZB for 100% gain. WSTL next "no brainer" $.61, cash flow positivre and has $.65 / share vcash with no debt.
TGX:NYSE $1.15 + $.18 No Brainer
In HOT sector Provider of cancer treatments
Over $41 million in cash
$1 / share working capital no debt
Record Q1 revenue up 32%
Obtained new $30 million credit facility
Investor Presentations next week
Historically $3.50 range before crash
This stock is about to shoot up.. On May 7, TGX announced its
financial results for the first quarter ended April 5, 2009.
Consolidated results include the results of NeedleTech Products, Inc.
subsequent to its acquisition by TGX on July 28, 2008.
The company reported consolidated revenue for the first quarter of
2009 of $20.1 million, an increase of 32% over first quarter 2008. Net
income for the quarter was $607,000, or $0.02 per share compared to
$1.6 million or $0.05 per share in 2008.
“Our surgical products business delivered excellent results in the
first quarter with 12% year over year pro forma revenue growth,”
stated M. Christine Jacobs, Chairman and CEO. “Although we continue to
see softness in brachytherapy procedures, a trend that is likely to
continue, our brachytherapy business remained profitable and continues
to be an important contributor to our strategy.”
Ms. Jacobs continued, “We believe that recording our highest quarterly
revenue ever, especially in the current economic environment, is a
good start for 2009. We have maintained profitability while investing
in our important strategic initiatives.”
Better yet, on May 28, TGX announced that it entered into a new
unsecured credit agreement with Wachovia Bank, National Association.
The new credit agreement consists of a $30 million revolving credit
facility and a $10 million term loan.
“Obtaining our new credit agreement is a significant accomplishment,”
stated M. Christine Jacobs, Chairman and CEO. “We believe that our
ability to obtain this new credit agreement is a testament to our
strategy, our focus on quality cash flows and the strength of our
balance sheet.”
TGX:NYSE $1.15 + $.18 No Brainer
In HOT sector Provider of cancer treatments
Over $41 million in cash
$1 / share working capital no debt
Record Q1 revenue up 32%
Obtained new $30 million credit facility
Investor Presentations next week
Historically $3.50 range before crash
This stock is about to shoot up.. On May 7, TGX announced its
financial results for the first quarter ended April 5, 2009.
Consolidated results include the results of NeedleTech Products, Inc.
subsequent to its acquisition by TGX on July 28, 2008.
The company reported consolidated revenue for the first quarter of
2009 of $20.1 million, an increase of 32% over first quarter 2008. Net
income for the quarter was $607,000, or $0.02 per share compared to
$1.6 million or $0.05 per share in 2008.
“Our surgical products business delivered excellent results in the
first quarter with 12% year over year pro forma revenue growth,”
stated M. Christine Jacobs, Chairman and CEO. “Although we continue to
see softness in brachytherapy procedures, a trend that is likely to
continue, our brachytherapy business remained profitable and continues
to be an important contributor to our strategy.”
Ms. Jacobs continued, “We believe that recording our highest quarterly
revenue ever, especially in the current economic environment, is a
good start for 2009. We have maintained profitability while investing
in our important strategic initiatives.”
Better yet, on May 28, TGX announced that it entered into a new
unsecured credit agreement with Wachovia Bank, National Association.
The new credit agreement consists of a $30 million revolving credit
facility and a $10 million term loan.
“Obtaining our new credit agreement is a significant accomplishment,”
stated M. Christine Jacobs, Chairman and CEO. “We believe that our
ability to obtain this new credit agreement is a testament to our
strategy, our focus on quality cash flows and the strength of our
balance sheet.”
TGX:NYSE $1.15 + $.18 No Brainer
In HOT sector Provider of cancer treatments
Over $41 million in cash
$1 / share working capital no debt
Record Q1 revenue up 32%
Obtained new $30 million credit facility
Investor Presentations next week
Historically $3.50 range before crash
This stock is about to shoot up.. On May 7, TGX announced its
financial results for the first quarter ended April 5, 2009.
Consolidated results include the results of NeedleTech Products, Inc.
subsequent to its acquisition by TGX on July 28, 2008.
The company reported consolidated revenue for the first quarter of
2009 of $20.1 million, an increase of 32% over first quarter 2008. Net
income for the quarter was $607,000, or $0.02 per share compared to
$1.6 million or $0.05 per share in 2008.
“Our surgical products business delivered excellent results in the
first quarter with 12% year over year pro forma revenue growth,”
stated M. Christine Jacobs, Chairman and CEO. “Although we continue to
see softness in brachytherapy procedures, a trend that is likely to
continue, our brachytherapy business remained profitable and continues
to be an important contributor to our strategy.”
Ms. Jacobs continued, “We believe that recording our highest quarterly
revenue ever, especially in the current economic environment, is a
good start for 2009. We have maintained profitability while investing
in our important strategic initiatives.”
Better yet, on May 28, TGX announced that it entered into a new
unsecured credit agreement with Wachovia Bank, National Association.
The new credit agreement consists of a $30 million revolving credit
facility and a $10 million term loan.
“Obtaining our new credit agreement is a significant accomplishment,”
stated M. Christine Jacobs, Chairman and CEO. “We believe that our
ability to obtain this new credit agreement is a testament to our
strategy, our focus on quality cash flows and the strength of our
balance sheet.”
WSTL $.58 + $.06 Cash flow positive and $.60 cash / share no debt
WSTL is the last screaming no brainer remnant from the crash, cash flow positive, slashing costs debt free trading at cash value:
On a non-GAAP basis, revenue for the fiscal fourth quarter was $56.3 million[1], up 27.5%[1] from the same quarter last year and up 18.7%[1] from the fiscal third quarter of 2009. The increase in the current quarter compared to prior quarters is due primarily to shipments of UltraLine Series3 gateways which started in the fiscal third quarter of 2009. Non-GAAP net loss during the fiscal fourth quarter was $0.7 million[1], or a loss of $0.01 per share[1], compared to a non-GAAP net loss of $5.4 million[1], or a loss of $0.08 per share[1], in the prior year. The lower non-GAAP loss per share was positively impacted by increased shipments and by lower operating expenses resulting from recent restructuring activities and cost containment initiatives.
“In the fourth quarter of fiscal year 2009, Westell produced improving results in the face of a very difficult economic environment,” said Rick Gilbert, President and Chief Executive Officer of Westell Technologies. “However, we clearly recognize that losses, albeit small, are not acceptable. In our plan for fiscal year 2010, we have focused on structuring the business to address our losses and lay a foundation for building long-term value.”
The Company supplements its financial analysis of the business using non-GAAP measures which may provide additional insight into current operating performance. The presentation at the end of this press release includes financial tables that reconcile non-GAAP measures to GAAP measures. There are two non-GAAP adjustments affecting the fiscal fourth quarter. First, during the quarter, the Company continued to ship UltraLine Series3 next-generation gateways which support a major customer’s fiber-to-the-home (FTTH) offering. Fiscal fourth quarter revenues totaling $14.6 million and certain related direct costs for these product shipments are deferred, and not recognized in the quarter, based on the required accounting for related software deliverables. This adjustment increases non-GAAP net income for the quarter by $0.4 million. Second, gross profit and operating expenses are adjusted to exclude $0.9 million of incremental non-cash lease expense that was accrued in the fiscal fourth quarter. This accrual corrects cumulative lease expense that was under-recorded by small amounts over multiple prior periods.
Fiscal Fourth Quarter Division Results
Customer Networking Solutions (CNS) reported revenue of $16.7 million in the fourth quarter of fiscal 2009, compared to $16.9 million in the same quarter of last year. On a non-GAAP basis, revenue was $31.3 million[1] for the quarter, compared to $16.9 million in the same quarter of last year and $24.2 million[1] in the fiscal third quarter of 2009. The increase in current quarter non-GAAP revenue compared to prior quarters is due primarily to shipments of UltraLine Series3 gateways which started in the third fiscal quarter of 2009.
OSPlant Systems reported revenue of $14.4 million in the fourth quarter of fiscal 2009, compared to $13.2 million in same quarter of last year and $12.4 million in the fiscal third quarter of 2009.
ConferencePlus revenue was $10.6 million during the fiscal fourth quarter of 2009, compared to $14.1 million in the same quarter of last year, and $10.9 million in the fiscal third quarter of 2009. The decrease in revenue from the fiscal fourth quarter of 2009 compared to the same period in the prior year was due primarily to the previously announced loss of revenue from a large customer.
Fiscal Year 2009 Results
Revenue was $161.2 million for the fiscal year ended March 31, 2009, compared to $205.7 million in fiscal 2008. Net loss in fiscal 2009 was $16.7 million, or a loss of $0.24 per share, compared to a net loss of $76.2 million or a loss of $1.08 per share in fiscal 2008. On a non-GAAP basis, revenue for fiscal 2009 was $186.5 million[1], with a net loss for fiscal 2009 of $13.0 million[1] or a loss of $0.19 per share[1]. This compares to a non-GAAP net loss of $6.8 million[1] or a loss of $0.10 per share[1] in fiscal 2008.
Total cash and short term investments as of March 31, 2009 was $46.1 million, compared to $68.3 million at March 31, 2008 and $43.8 million at December 31, 2008.
Board and Officer Appointments
On February 23, 2009, Richard S. Gilbert joined Westell as President and Chief Executive Officer.
The Company appointed James M. Froisland and Martin H. Singer Ph.D. to the Board of Directors on March 19th and March 25th, respectively. Mr. Froisland serves on the finance and audit committees and Mr. Singer serves on the compensation and technology committees.
Effective April 20, 2009, the Company appointed Brian S. Cooper as Chief Financial Officer and reassigned Amy T. Forster as Chief Accounting Officer.
Fiscal Year 2010 Objectives
“We have set aggressive but realistic plans for fiscal year 2010, with an objective for the year of break-even operating profit on a consolidated basis,” said Gilbert. “Given the current economic environment, we are also focused on conserving our cash and achieving positive cash flow for the year.”
WSTL $.58 + $.06 Cash flow positive and $.60 cash / share no debt
WSTL is the last screaming no brainer remnant from the crash, cash flow positive, slashing costs debt free trading at cash value:
On a non-GAAP basis, revenue for the fiscal fourth quarter was $56.3 million[1], up 27.5%[1] from the same quarter last year and up 18.7%[1] from the fiscal third quarter of 2009. The increase in the current quarter compared to prior quarters is due primarily to shipments of UltraLine Series3 gateways which started in the fiscal third quarter of 2009. Non-GAAP net loss during the fiscal fourth quarter was $0.7 million[1], or a loss of $0.01 per share[1], compared to a non-GAAP net loss of $5.4 million[1], or a loss of $0.08 per share[1], in the prior year. The lower non-GAAP loss per share was positively impacted by increased shipments and by lower operating expenses resulting from recent restructuring activities and cost containment initiatives.
“In the fourth quarter of fiscal year 2009, Westell produced improving results in the face of a very difficult economic environment,” said Rick Gilbert, President and Chief Executive Officer of Westell Technologies. “However, we clearly recognize that losses, albeit small, are not acceptable. In our plan for fiscal year 2010, we have focused on structuring the business to address our losses and lay a foundation for building long-term value.”
The Company supplements its financial analysis of the business using non-GAAP measures which may provide additional insight into current operating performance. The presentation at the end of this press release includes financial tables that reconcile non-GAAP measures to GAAP measures. There are two non-GAAP adjustments affecting the fiscal fourth quarter. First, during the quarter, the Company continued to ship UltraLine Series3 next-generation gateways which support a major customer’s fiber-to-the-home (FTTH) offering. Fiscal fourth quarter revenues totaling $14.6 million and certain related direct costs for these product shipments are deferred, and not recognized in the quarter, based on the required accounting for related software deliverables. This adjustment increases non-GAAP net income for the quarter by $0.4 million. Second, gross profit and operating expenses are adjusted to exclude $0.9 million of incremental non-cash lease expense that was accrued in the fiscal fourth quarter. This accrual corrects cumulative lease expense that was under-recorded by small amounts over multiple prior periods.
Fiscal Fourth Quarter Division Results
Customer Networking Solutions (CNS) reported revenue of $16.7 million in the fourth quarter of fiscal 2009, compared to $16.9 million in the same quarter of last year. On a non-GAAP basis, revenue was $31.3 million[1] for the quarter, compared to $16.9 million in the same quarter of last year and $24.2 million[1] in the fiscal third quarter of 2009. The increase in current quarter non-GAAP revenue compared to prior quarters is due primarily to shipments of UltraLine Series3 gateways which started in the third fiscal quarter of 2009.
OSPlant Systems reported revenue of $14.4 million in the fourth quarter of fiscal 2009, compared to $13.2 million in same quarter of last year and $12.4 million in the fiscal third quarter of 2009.
ConferencePlus revenue was $10.6 million during the fiscal fourth quarter of 2009, compared to $14.1 million in the same quarter of last year, and $10.9 million in the fiscal third quarter of 2009. The decrease in revenue from the fiscal fourth quarter of 2009 compared to the same period in the prior year was due primarily to the previously announced loss of revenue from a large customer.
Fiscal Year 2009 Results
Revenue was $161.2 million for the fiscal year ended March 31, 2009, compared to $205.7 million in fiscal 2008. Net loss in fiscal 2009 was $16.7 million, or a loss of $0.24 per share, compared to a net loss of $76.2 million or a loss of $1.08 per share in fiscal 2008. On a non-GAAP basis, revenue for fiscal 2009 was $186.5 million[1], with a net loss for fiscal 2009 of $13.0 million[1] or a loss of $0.19 per share[1]. This compares to a non-GAAP net loss of $6.8 million[1] or a loss of $0.10 per share[1] in fiscal 2008.
Total cash and short term investments as of March 31, 2009 was $46.1 million, compared to $68.3 million at March 31, 2008 and $43.8 million at December 31, 2008.
Board and Officer Appointments
On February 23, 2009, Richard S. Gilbert joined Westell as President and Chief Executive Officer.
The Company appointed James M. Froisland and Martin H. Singer Ph.D. to the Board of Directors on March 19th and March 25th, respectively. Mr. Froisland serves on the finance and audit committees and Mr. Singer serves on the compensation and technology committees.
Effective April 20, 2009, the Company appointed Brian S. Cooper as Chief Financial Officer and reassigned Amy T. Forster as Chief Accounting Officer.
Fiscal Year 2010 Objectives
“We have set aggressive but realistic plans for fiscal year 2010, with an objective for the year of break-even operating profit on a consolidated basis,” said Gilbert. “Given the current economic environment, we are also focused on conserving our cash and achieving positive cash flow for the year.”
WSTL $.58 + $.06 Cash flow positive and $.60 cash / share no debt
WSTL is the last screaming no brainer remnant from the crash, cash flow positive, slashing costs debt free trading at cash value:
On a non-GAAP basis, revenue for the fiscal fourth quarter was $56.3 million[1], up 27.5%[1] from the same quarter last year and up 18.7%[1] from the fiscal third quarter of 2009. The increase in the current quarter compared to prior quarters is due primarily to shipments of UltraLine Series3 gateways which started in the fiscal third quarter of 2009. Non-GAAP net loss during the fiscal fourth quarter was $0.7 million[1], or a loss of $0.01 per share[1], compared to a non-GAAP net loss of $5.4 million[1], or a loss of $0.08 per share[1], in the prior year. The lower non-GAAP loss per share was positively impacted by increased shipments and by lower operating expenses resulting from recent restructuring activities and cost containment initiatives.
“In the fourth quarter of fiscal year 2009, Westell produced improving results in the face of a very difficult economic environment,” said Rick Gilbert, President and Chief Executive Officer of Westell Technologies. “However, we clearly recognize that losses, albeit small, are not acceptable. In our plan for fiscal year 2010, we have focused on structuring the business to address our losses and lay a foundation for building long-term value.”
The Company supplements its financial analysis of the business using non-GAAP measures which may provide additional insight into current operating performance. The presentation at the end of this press release includes financial tables that reconcile non-GAAP measures to GAAP measures. There are two non-GAAP adjustments affecting the fiscal fourth quarter. First, during the quarter, the Company continued to ship UltraLine Series3 next-generation gateways which support a major customer’s fiber-to-the-home (FTTH) offering. Fiscal fourth quarter revenues totaling $14.6 million and certain related direct costs for these product shipments are deferred, and not recognized in the quarter, based on the required accounting for related software deliverables. This adjustment increases non-GAAP net income for the quarter by $0.4 million. Second, gross profit and operating expenses are adjusted to exclude $0.9 million of incremental non-cash lease expense that was accrued in the fiscal fourth quarter. This accrual corrects cumulative lease expense that was under-recorded by small amounts over multiple prior periods.
Fiscal Fourth Quarter Division Results
Customer Networking Solutions (CNS) reported revenue of $16.7 million in the fourth quarter of fiscal 2009, compared to $16.9 million in the same quarter of last year. On a non-GAAP basis, revenue was $31.3 million[1] for the quarter, compared to $16.9 million in the same quarter of last year and $24.2 million[1] in the fiscal third quarter of 2009. The increase in current quarter non-GAAP revenue compared to prior quarters is due primarily to shipments of UltraLine Series3 gateways which started in the third fiscal quarter of 2009.
OSPlant Systems reported revenue of $14.4 million in the fourth quarter of fiscal 2009, compared to $13.2 million in same quarter of last year and $12.4 million in the fiscal third quarter of 2009.
ConferencePlus revenue was $10.6 million during the fiscal fourth quarter of 2009, compared to $14.1 million in the same quarter of last year, and $10.9 million in the fiscal third quarter of 2009. The decrease in revenue from the fiscal fourth quarter of 2009 compared to the same period in the prior year was due primarily to the previously announced loss of revenue from a large customer.
Fiscal Year 2009 Results
Revenue was $161.2 million for the fiscal year ended March 31, 2009, compared to $205.7 million in fiscal 2008. Net loss in fiscal 2009 was $16.7 million, or a loss of $0.24 per share, compared to a net loss of $76.2 million or a loss of $1.08 per share in fiscal 2008. On a non-GAAP basis, revenue for fiscal 2009 was $186.5 million[1], with a net loss for fiscal 2009 of $13.0 million[1] or a loss of $0.19 per share[1]. This compares to a non-GAAP net loss of $6.8 million[1] or a loss of $0.10 per share[1] in fiscal 2008.
Total cash and short term investments as of March 31, 2009 was $46.1 million, compared to $68.3 million at March 31, 2008 and $43.8 million at December 31, 2008.
Board and Officer Appointments
On February 23, 2009, Richard S. Gilbert joined Westell as President and Chief Executive Officer.
The Company appointed James M. Froisland and Martin H. Singer Ph.D. to the Board of Directors on March 19th and March 25th, respectively. Mr. Froisland serves on the finance and audit committees and Mr. Singer serves on the compensation and technology committees.
Effective April 20, 2009, the Company appointed Brian S. Cooper as Chief Financial Officer and reassigned Amy T. Forster as Chief Accounting Officer.
Fiscal Year 2010 Objectives
“We have set aggressive but realistic plans for fiscal year 2010, with an objective for the year of break-even operating profit on a consolidated basis,” said Gilbert. “Given the current economic environment, we are also focused on conserving our cash and achieving positive cash flow for the year.”
Next AGEN HEB GNVC $1.02 + $.15 AH Runner and gapper Cancer results UNPRECEDENTED. $5 this month: TNFerade produced 8 months extra survival. For pancreatic cancer that is a revolutionary result, should make GNVC stock price $15. Compare Tarceva, which added 15 days to overall survival over 6 months. There should be dancing in the streets.
LZB monster
LZB next TWB. Blowout results from cost cuts coming
LZB has 28 MM positive cash flow last quarter while skashing 60 MM annual costs. Earnings next Monday will be first quarter with lower cost structure.
La-Z-Boy Reports Fiscal 2009 Third-Quarter Results
MONROE, Mich., Feb. 17 /PRNewswire-FirstCall/ -- La-Z-Boy Incorporated (NYSE:LZB) today reported its operating results for the fiscal third quarter ended January 24, 2009.
-- Net sales for the period were $288.6 million, down 23% compared with the prior year's third quarter, reflecting ongoing demand challenges in a difficult macroeconomic environment.
-- The company generated $28.0 million in cash from operations, including $8.1 million in anti-dumping duties received on bedroom furniture imported from China.
-- La-Z-Boy paid down its debt by $27.8 million to $90.4 million. Over the past 12 months, the company decreased its total debt by $60.2 million, or by 40%. Rating :
We are managing our business aggressively. In November, we reacted quickly and decisively to the rapid deterioration in sales trends experienced during October, and, we have continued to make changes to the business model on a monthly basis to align our operating platform with order trends. Since November, we removed approximately $60 million in structural costs on an annual basis from our operations in the form of personnel reductions, the closure of a Bauhaus upholstery manufacturing facility, changes to our employee benefit plans and other cost reductions across the entire company. Compared with year-ago levels, our employment has decreased by 24%, or approximately 2,500 people."
GNVC $1 +$.18 Cancer results UNPRECEDENTED. $5 this month: TNFerade produced 8 months extra survival. For pancreatic cancer that is a revolutionary result, should make GNVC stock price $15. Compare Tarceva, which added 15 days to overall survival over 6 months. There should be dancing in the streets.
GNVC pancreatic cancer drug INCREASED SURVIVAL BY 8 MONTHS. For pancreatic that is a revolutionary result, $5 target. Compare Tarceva, which added 15 days to overall survival over 6 months.
GNVC 16 MM Volume Next AGEN DNDN $.84 + $.14 pancreatic cancer drug INCREASED SURVIVAL BY 8 MONTHS. For pancreatic CA that is a revolutionary result, should have made the stock price $5. Compare Tarceva, which added 15 days to overall survival over 6 months.
GNVC 16 MM Volume Next AGEN DNDN $.84 + $.14 pancreatic cancer drug INCREASED SURVIVAL BY 8 MONTHS. For pancreatic CA that is a revolutionary result, should have made the stock price $5. Compare Tarceva, which added 15 days to overall survival over 6 months.
LZB $2.67 + $.49 next ZLC. WAY better fundamantals than ZLC or ANY retail stock under $5: Cash flow positive and streamlined.
http://ih.advfn.com/p.php?pid=nmona&cb=1243873518&article=36304600&symbol=NY%5ELZB
$5 in a month IMO
LZB $2.67 + $.49 next ZLC. WAY better fundamantals than ZLC or ANY retail stock under $5: Cash flow positive and streamlined.
http://ih.advfn.com/p.php?pid=nmona&cb=1243873518&article=36304600&symbol=NY%5ELZB