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Saturday, May 24, 2003 4:13:34 PM
Network Engines (NENG)
Sales Trend
1Q02 to 3Q03
.
.
TidalWire Centera Others Total
.
1Q02 - $ 1.5M $ 0.6M $ 2.1M
2Q02 - 2.3M 0.7M 3.0M
3Q02 - 3.4M 0.7M 4.1M
4Q02 - 4.8M 0.5M 5.3M
.
FY02 - $12.0M $ 2.5M $14.5M
.
1Q03* 0.3M 4.9M 0.8M 6.0M
2Q03 $10.2M 8.1M 1.1M 19.2M
.
3Q03(E) $10.5M 10.4M 1.1M $22.0M
3Q03(E) $11.5M 11.4M 1.1M $24.0M
.
*TidalWire acquisition closed late in 1Q03
.
Company Offers Financial Guidance
.
Based on current forecasts, the Company
anticipates net revenues in the third
fiscal quarter ending June 30, 2003 will
be between $22 million and $24 million.
The Company expects net revenues from
server appliance sales to be between
$11.5 million and $12.5 million and net
revenues from distribution operations to
be between $10.5 million and $11.5
million.
.
The Company anticipates third quarter
gross margins will be between 19.5 percent
and 21.5 percent, depending on sales
volumes and the mix of business during
the quarter.
.
Operating expenses in the third quarter
are expected to increase to between
$5 million and $5.3 million.
.
On a GAAP basis, the Company expects a
net loss of between $200,000 and $500,000,
or approximately $0.01 per share for the
third quarter. This projected net loss
includes approximately $254,000 for the
amortization of intangible assets related
to the TidalWire acquisition and $245,000
of stock compensation expense.
.
The cash position at the end of the third
quarter is expected to be between
$33 million and $35 million. This projected
decrease in cash is primarily due to
increased investments in working capital due
to the growth of the business.
.
http://investors.networkengines.com/ireye/ir_site.zhtml?ticker=neng&script=410&layout=-6&....
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OUTSTANDING SHARES (DILUTED) - 33.5M shares
.
SI Board
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http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18881871
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