"Come on WAVX give me a reason to buy more shares!"
Just follow the bold history:
2000 Aug 22, CNBC Dow Jones Interview with Wave Systems' CEO Steven Sprague on Future of Company's Growth.
(IHub #68211, 2/4/05)
2004 Oct 26, Wave Systems Corp. today reported growth in new contract activity and reviewed its results for its third quarter and nine months ended September 30, 2004. During the third quarter ended September 30, 2004, Wave completed license contracts amounting to $340,000, to be recorded as revenue over future periods. Wave's Q3 2004 net revenue was $44,000, compared to revenue of $80,000 principally related to development service contracts and license contracts in the third quarter ended September 30, 2003. Wave concluded a revised agreement in September to have its technology embedded in National Semiconductor's
Trusted Platform Module products that also include the new trusted computing integrated solution, the IOKeeper(R) Trusted Platform Module. As a part of the agreement Wave receives a license fee and a per unit royalty.
(IHub #56080, 10/26/04)
2005 Mar 15, Wave Systems Corp. today reviewed recent corporate progress and reported results for its fourth quarter (Q4) and year ended December 31, 2004. Wave's Q4 2004 net revenue related to technology licensing and related support services was $108,000, compared to Q4 2003 net revenue of $59,000. Reflecting ongoing management of sales, marketing, administrative and R&D expenses, Wave reported a net loss to common stockholders of $3.0 million, or $0.04 per basic share, for the fourth quarter of 2004, compared to a net loss to common stockholders of $4.3 million, or $0.07 per basic share, in Q4 2003. The weighted average number of basic shares outstanding in the fourth quarters of 2004 and 2003, was 71,793,000 and 65,203,000, respectively.
(IHub #73506, 3/15/05)
2005 May 10, Wave Systems Corp. today reviewed recent corporate progress and reported results for its first quarter (Q1) ended March 31, 2005. Wave's Q1 2005 net revenue rose to $78,000, compared to Q1 2004 net revenue of $50,000, principally due to an increase in software license revenue. Wave reported a net loss of $4.5 million, or $0.06 per basic share, for the first quarter of 2005, compared to a net loss to common stockholders of $3.4 million, or $0.05 per basic share, in Q1 2004. The year-ago first quarter included the benefit of a gain on sale of marketable securities amounting to $1.2 million. Excluding the gain, Wave would have continued its trend of reduced year-over-year net losses. The weighted average number of basic shares outstanding in the first quarters of 2005 and 2004, was 77,212,000 and 67,338,000, respectively.
(IHub #80550, 5/10/05)
2005 Nov 9, Wave's Q3 2005 net revenue rose to $335,000, compared to Q3 2004 net revenue of $44,000 and an increase of 30 percent compared to Q2 2005 net revenues of $258,000, principally due to higher royalties related to increased shipments of Wave's OEM customers' products that include Wave software and technology. Wave reported a net loss of $4.4 million, or $0.05 per basic share, for the third quarter of 2005, compared to a net loss of $3.8 million, or $0.05 per basic share, in Q3 2004. The year-ago third quarter included the benefit of a $514,000 gain on the sale of marketable securities and a $283,000 benefit reflecting a decrease in the value of Wave's liability for outstanding warrants containing cash settlement features. The weighted average number of basic shares outstanding in the third quarters of 2005 and 2004 was 85,100,000 and 69,633,000, respectively.
(IHub #100733, 11/9/05)
2006 Mar 14, Wave's Q4 2005 net revenues rose to $348,000, compared to Q4 2004 net revenues of $108,000, principally due to higher royalties earned on increased shipments of Wave software and technology by Wave OEM partners. Wave reported a net loss of $4.5 million, or $0.05 per basic share, for the fourth quarter of 2005, compared to a net loss of $3.0 million, or $0.04 per basic share, in Q4 2004. The year-ago fourth quarter included the benefit of a $1.4 million gain on the sale of marketable securities and a $135,000 charge reflecting an increase in Wave's liability for outstanding warrants containing cash settlement features. The weighted average number of basic shares outstanding in the fourth quarters of 2005 and 2004 was 89,132,000 and 71,793,000, respectively.
(IHub #112494, 3/14/06)
2006 May 10, Wave Systems Corp. today reported results for its first quarter (Q1) ended March 31, 2006 and reviewed recent corporate progress and other developments. Wave's Q1 2006 net revenues rose over five-fold to $493,000, compared to Q1 2005 net revenues of $78,000. This was also an increase over Wave's Q4 2005 net revenues of $348,800. The increase over Q1 2005 net revenues was principally due to higher royalties earned from increased shipments of Wave software by partners as well as an increase in services revenue. For Q1 2006 Wave reported a net loss of $5.0 million, or $0.05 per basic share, including non-cash, share-based compensation expense of $352,000 which was recorded in accordance with the implementation of SFAS 123R for "Share-based Payments," effective January 1, 2006. Wave's Q1 2005 net loss of $4.5 million, or $0.06 per basic share, did not include any SFAS 123(R) expense. The weighted average number of basic shares outstanding in the first quarters of 2006 and 2005 were 97,692,000 and 77,212,000, respectively.
(IHub #120514, 5/10/06)
2007 Mar 14, Wave Systems Corp. today reported results for the fourth quarter (Q4) and year ended December 31, 2006 and reviewed recent corporate progress and developments. Principally reflecting a 155% increase in license revenues in Q4 2006 versus last year, Wave's Q4 2006 net revenues rose to $866,000, compared to Q4 2005 net revenues of $348,000 and Q3 2006 net revenues of $846,000. The improvement in license revenues was principally due to royalties earned from increased shipments of Wave software by Wave's OEM partners. Wave's services revenues in Q4 2006 were $12,000 versus services revenue of $13,000 in the year ago period. For Q4 2006 Wave reported a net loss of $4.8 million, or $0.12 per basic share, including non-cash, share-based compensation expense of $414,268, or $0.01 per basic share, recorded in accordance with the implementation of SFAS 123® for "Share-based Payment," effective January 1, 2006. Wave's Q4 2005 net loss of $4.5 million, or $0.15 per basic share, did not include any share-based compensation expense. Per share figures are based on a weighted average number of basic shares outstanding in the fourth quarters of 2006 and 2005 of 41,054,796 and 29,711,000, respectively. Wave's shares outstanding and loss per share figures for the fourth quarter and full year periods in 2006 and 2005 have been adjusted to reflect the Company's 1-for-3 reverse stock split that went into effect on July 26, 2006.
(IHub #139,300, 3/14/07)
2007 May 10, Wave Systems Corp. today reported results for the first quarter (Q1) of 2007 and reviewed recent corporate progress and developments. Principally reflecting an increase in license revenues in Q1 2007 versus last year, Wave's Q1 2007 net revenues increased to $1,287,000, compared to Q1 2006 net revenues of $493,000 and Q4 2006 net revenues of $866,000.
(IHub #144,359, 5/10/07)
2007 Aug 8, Wave's Q2 2007 net revenues rose to $1,410,000, compared to Q2 2006
net revenues of $910,000. For Q2 2007 Wave reported a net loss of $4,841,000, or $0.11 per basic and diluted share, compared to a Q2 2006 net loss of $4,539,000, or $0.13 per basic and diluted share.
(IHub #149,021, 8/8/07)
2008 Mar 13, Wave Systems Corp. today reported Q4 2007 net revenues rose 116% to a record $1,875,000, compared to Q4 2006 net revenues of $866,000. The higher level of license revenues was principally due to royalties earned from a significant increase in the number of bundled shipments of Wave software by OEM partners. Gross profit rose to $1,643,000 in Q4 2007, or a gross profit margin of 88%, compared to gross profit of $656,000 in Q4 2006, or a gross profit margin of 76%, principally reflecting higher sales volumes on fully amortized software costs, offset somewhat by higher customer support costs. Wave reported a Q4 2007 net loss of $5.3 million, or $0.11 per basic share, compared to a Q4 2006 net loss of $4.8 million, or $0.12 per basic share.
(IHub #160640, 3/3/08)
2008 May 12, Wave Systems Corp. today reported results for the first quarter (Q1) of 2008 and provided an update on corporate progress and developments. Reflecting an increase in license revenues, Wave's Q1 2008 net revenues rose 32% to $1.7 million, compared to Q1 2007 net revenues of $1.3 million. Wave's improvement in license revenues was principally due to royalties earned from increased shipments of Wave software by Wave's leading OEM partner. Gross profit for Q1 2008 rose to $1.5 million compared to $1.1 million in Q1 2007, reflecting the higher level of sales.
(IHub #164,489, 5/12/08)
2008 Aug 11, Wave Systems Corp. today reported results for the second quarter (Q2) and six months ended June 30, 2008 and reviewed recent corporate progress and developments. Reflecting an increase in license revenues, Wave’s Q2 2008 net revenues rose 41% to $1,985,000, compared to Q2 2007 net revenues of $1,410,000, and Q1 2008 net revenues of $1,699,000. The improvement in license revenues was principally due to increased royalties from shipments of Wave software by OEM partners as well as from initial growth in software license upgrades.
(Ihub #169,342, 8/11/08)
2008 Nov 10, Wave Systems Corp. today reported results for the third quarter (Q3) and nine months ended September 30, 2008 and reviewed recent corporate progress and developments. Wave's Q3 2008 net revenues rose 6% to $1,835,000, compared to Q3 2007 net revenues of $1,734,000, reflecting increased bundled software royalties, as well as growth in contribution from software license upgrades.
(Ihub #172,579, 11/10/08)
2009 Mar 12, Wave Systems a leading developer of PC security software and services, today reported results for the fourth quarter (Q4) and year ended December 31, 2008 and reviewed recent corporate progress and developments. Wave's Q4 2008 net revenues rose 75% to $3,291,000, compared with Q4 2007 net revenues of $1,875,000, reflecting increased software royalties, as well as growth in software license upgrades. For the full year 2008, net revenues grew 40% to $8,810,000, compared to 2007 net revenues of $6,307,000. Wave's Q4 2008 net loss attributable to common stockholders after accounting for the accretion of a non-cash beneficial conversion feature on the Series J and Series K convertible preferred stock issuances during the quarter was $3,952,000, or $0.07 per basic and diluted share, compared with a Q4 2007 net loss attributable to common stockholders of $5,288,000, or $0.11 per basic and diluted share, and a Q3 2008 net loss attributable to common stockholders of $5,605,000, or $0.10 per basic and diluted share. Per-share figures are based on a weighted average number of basic shares outstanding in the fourth quarters of 2008 and 2007 of 58,708,000 and 49,699,000, respectively, and 57,896,000 for Q3 2008.
(Ihub #176,139, 3/12/09)
2009 May 11, Wave Systems Corp. today reported results for the first quarter (Q1) ended March 31, 2009 and reviewed recent corporate progress and developments. Wave's Q1 2009 net revenues rose 137% to $4.0 million, compared with Q1 2008 net revenues of $1.7 million and Q4 2008 net revenues of $3.3 million, principally reflecting increased bundled software royalties as well as higher services revenue related to a contract with the U.S. government.
(Ihub #177,875, 5/11/09)
2009 Nov 9, Wave's Q3 2009 net revenues rose 164% to $4.8 million, compared with Q3 2008 net revenues of $1.8 million. Q3 '09 net revenues rose 1% over Q2 '09 due to a 7% increase in licensing revenue that more than offset a decline in services revenue related to the completion of a government contract in Q3 '09. Total billings for Q3 2009 grew 13% to $5.2 million compared to Q2 '09 and grew 126% as compared to Q3 '08. Wave's Q3 '09 net loss was $479,000, or $0.01 per basic and diluted share, compared with a Q3 '08 net loss of $5.6 million, or $0.10 per basic and diluted share, and Wave's Q2 2009 net loss of $344,000, or $0.01 per basic and diluted share. Per-share figures are based on a weighted average number of basic shares outstanding in the third quarters of 2009 and 2008 of 71.8 million and 57.9 million, respectively, and 66.4 million in the second quarter of 2009.
(Ihub #183,804, 11/9/09)
2009 Nov 23, Wave Systems Corp. today announced that it ranked number 50 on Deloitte's 2009 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. In 2008 Wave ranked number 74 on Deloitte's Technology Fast 500?. Rankings for 2009 are based on percentage of fiscal year revenue growth over five years, from 2004-2008. Wave's revenue grew 4,115% during this period.
(Ihub #184,457, 11/23/09)
2010 Oct 21, Wave Systems Corp. today announced that it ranked number 73 on Technology Fast 500(TM), Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009. Wave's revenue grew 1,755 percent during this period.
(Ihub #200,290, 10/21/10)
2010 Nov 8, Wave Systems Corp. today reported operating results for the third quarter (Q3) and nine months ended September 30, 2010. Wave also reported on recent new product developments, partner progress and customer adoption. Benefiting from continued growth in enterprise software license sales, as well as increased shipments of Wave's software bundled with enterprise PCs featuring a Trusted Platform Module (TPM) security chip and/or a self-encrypting drive (SED), Wave's Q3 '10 net revenues rose 38% to $6.7 million versus $4.8 million in Q3 '09. Q3 '10 net revenues also rose 4% over Q2 '10 net revenues of $6.5 million. Total billings increased 19% to $6.2 million in Q3 '10, compared to total billings of $5.2 million in Q3 '09, and declined 3% versus Q2 '10 total billings of $6.3 million.
(Ihub #201,056, 11/8/10)
2011 May 10, Growth primarily in enterprise server software drove a 27% increase in Q1 '11 net revenues to $7.5 million, versus $5.9 million in Q1 '10, and a 6% increase over Q4 '10 net revenues of $7.0 million. Reflecting higher operating expense levels, Wave recorded a Q1 '11 net loss of $2.3 million, or $0.03 per basic and diluted share, compared with a Q1 '10 net loss of $0.8 million, or $0.01 per basic and diluted share.
(Ihub #209,159, 5/10/11)
