NeoMedia Technologies, Inc (NEOM)

[ss9173]

Here is a summary of the 2005 financial results as we know them today (excludes Sponge and HipCricket):

	Sales	Net Income 
 		 
 Neom	$2.1M	($9.1M) 
  
 BSDS	$8.6M	+$0.5M 
  
 12snap	$7.4M	($1.5M) 
  
 Gav.	$0.8M	($1.1M) 
  
 Mobot	$0.3M	($1.5M) 
  
 TOTAL	$19.2M	($12.7M) 
 

Note: For BSDS, I annualized the FY06 sales.

I will be updating the M&A Acquisition Summary in the board header shortly after the 10Q is issued tomorrow.

Based on these financial results, perhaps it is becoming more clear why Neom was able to acquire these companies with relatively little upfront cash, and their success is tied to creating shareholder value.

SS9173