I like ATEA as possibly another INSW that could zoom to double digits (I bought INSW at $3).
-Tiny 2 MM float.
$.25 EPS last quarter.
-ATEA has benfitted from huge international growth (50% of sales outside U.S.) and weak US dollar this quarter could be another blowout.
-Best hedge fund out there, Renaiisance technologies owns a lot.
International Operations
Total revenue from the Company’s international operations increased by $3,894,000, or 106%, to $7,556,000 in the first nine months of 2007 compared to $3,662,000 in the first nine months in 2006. This represents 34% of total Company revenues in the first nine months of 2007. Excluding the revenue recognized in 2007 from the U.K. customer that had been deferred from previous years, total revenue from international operations is $5,922,000, which is an increase of 62% over the same period in 2006. The increase in revenues is due to the increase in professional services in Europe and increases in licenses sales in Asia Pacific. International operations generated a net profit of $2,672,000 for the first nine months ended September 30, 2007 compared to net loss of $1,064,000 in the same period in 2006. Excluding the income recognized from the U.K. customer that had been deferred and has no related cost, net income from international operations was $1,038,000 for the nine months ended September 30, 2007.
