Network Engines (NEI)

[blueskywaves]

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
.
.