Wednesday, March 05, 2008 10:36:51 PM
CHIP News and Chart
Super low volume and super number of shares issued and outstanding. Looks like just a bit over 10 million shares available. Won't take much pressure to drive it up and this news should give it some pressure.
4:09PM Verichip beats by $0.05, beats on revs; guides FY08 revs above consensus (CHIP) 2.41 -0.09 : Reports Q4 (Dec) loss of $0.29 per share, $0.05 better than the First Call consensus of ($0.34); revenues rose 22.9% year/year to $8.6 mln vs the $8.2 mln consensus. Co issues upside guidance for FY08, sees FY08 revs of $36-38 mln vs. $35.4 mln consensus. Co says, "Our record annual revenues were driven by our healthcare security business and strong sales of our industrial product... Following the significant infrastructure build-out of our VeriMed system in 2007, we are now ready to begin marketing VeriMed more directly to patients in certain key geographies. Starting with South Florida, we will launch our direct-to-consumer campaign in early April as we increase our focus on patient adoption. We plan to replicate the success of the South Florida launch in one or two other markets by the end of 2008."
Super low volume and super number of shares issued and outstanding. Looks like just a bit over 10 million shares available. Won't take much pressure to drive it up and this news should give it some pressure.
4:09PM Verichip beats by $0.05, beats on revs; guides FY08 revs above consensus (CHIP) 2.41 -0.09 : Reports Q4 (Dec) loss of $0.29 per share, $0.05 better than the First Call consensus of ($0.34); revenues rose 22.9% year/year to $8.6 mln vs the $8.2 mln consensus. Co issues upside guidance for FY08, sees FY08 revs of $36-38 mln vs. $35.4 mln consensus. Co says, "Our record annual revenues were driven by our healthcare security business and strong sales of our industrial product... Following the significant infrastructure build-out of our VeriMed system in 2007, we are now ready to begin marketing VeriMed more directly to patients in certain key geographies. Starting with South Florida, we will launch our direct-to-consumer campaign in early April as we increase our focus on patient adoption. We plan to replicate the success of the South Florida launch in one or two other markets by the end of 2008."
A tornado is like a stock, it takes just the right conditions to form a huge one but once it forms, nothing can stop it!
my posts are only my opinions, nothing more
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