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Thursday, July 24, 2003 11:58:33 AM
Network Engines (NENG)
Sales Trend
1Q02 to 4Q03
. Quarterly/
. Annual
. Stock
Quarter TidalWire Centera Others Total Return
.
1Q02 - $ 1.5M $ 0.6M $ 2.1M 68%
2Q02 - 2.3M 0.7M 3.0M ( 9%)
3Q02 - 3.4M 0.7M 4.1M 16%
4Q02 - 4.8M 0.5M 5.3M ( 10%)
.
FY02 - 12.0M 2.5M 14.5M 60%
.
1Q03 $ 0.3M 4.9M 0.8M 6.0M 4%
2Q03 10.2M 8.1M 1.1M 19.2M 49%
3Q03 12.6M 13.0M 1.4M 27.0M 155%
.
4Q03(E) 11.5M 13.8M 1.7M 27.0M -
4Q03(E) 12.5M 14.8M 1.7M 29.0M -
.
FY03(E) 34.6M 39.8M 5.0M 79.2M -
FY03(E) 35.6M 40.8M 5.0M 81.2M
.
Business Outlook
.
Based on current forecasts from certain partners
and historical and seasonal trends, the Company
anticipates the following for its fourth fiscal
quarter ending September 30, 2003:
.
Net revenues in the range of $27 million to $29 million.
.
OEM appliance revenues between $15.5 and $16.5.
.
Distribution revenues between $11.5 and $12.5.
.
Operating expenses between $5.4 million and $5.7 million.
.
Gross margins in the range of 19 percent to 21 percent.
.
Net income on a GAAP basis in the range of
$200,000 to $500,000, or approximately $0.01 per share.
.
Cash position between $33 million and $35 million.
.
O/S (Diluted) as of 6/30/03 - 38.95M shares
.
http://www.networkengines.com/press/Q3%2003%20Earnings%20Release%207_24_03.pdf
.
.
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