EVOL earnings were today....
it ran up for a month prior....then maybe this from the earnings report brought it down?
Outlook
Evolving Systems expects modest revenue growth in 2006. The Company is focused on year over year improvements in profitability and will be investing at a slightly higher rate in select product areas. Intangible amortization will decline in the year to approximately $3.5 million from $5.2 million, subject to foreign exchange rate fluctuations. The Company will adopt SFAS 123R, Share Based Compensation, which requires the expensing of stock-based compensation. The Company anticipates the impact of SFAS 123R in 2006 will be approximately $800,000 to $900,000 in increased compensation expenses. In total, results may continue to fluctuate on a quarterly basis due to timing of major license sales and revenue recognition treatment.
