LANV $4.0 will report 3Q on Tuesday. Keep an eye on this one. MMs bent on getting more shares. Great opportunity to get in around $4
Record 3Q per strong guidance. Will leave Q/Q and YTD in the dust. Target: $6+
Only 3.4 million float
$80c/share cash
Streamline Health (formerly LanVision; Nasdaq: LANV) will report 3Q 2005 earnings any day now. I expect an immediate jump to $5 plus after 3Q results are announced just like it did the previous quarter. LANV is explosive due to its small float of only 3.8M shares.
3Q results are expected to be a huge improvement over the comparable 2004 quarter both in revenues and net income. The 9-month results will exceed 9-month 2004 results by at least 15% revenue-wise and more than 300% higher net income.
During the CC announcing a strong 2Q, LANV's CEO mentioned that 3Q and 4Q 2005 revenues will approach or exceed $5M/quarter. With the current cost structure this will yield about 6c/share net income.
Compare the $5M expected 3Q revenue with the $2.6M reported in 3Q 2004. The 6c/share expected in 3Q 2005 will beat the 4c/share loss reported in 3Q 2004 by a mile.
I expect market reaction to be swift. We might see new 52-week highs after the 3Q earnings announcement is made.
LANV is a fast growing profitable software company in the fast growing healthcare software sector.
LANV provides workflow and document management software tools, applications primarily to heathcare providers large and small.
By 2014, President Bush wants all patient medicial records to be paperless. You've probably have noticed that trend already If you've been at a hospital lately. Even with the progress made so far, only about 10% of hospital systems have adopted the latest technology such as the technology offered by LANV.
In 2Q earnings relase, LANV CEO Mr. Brian Patsy said , "Our sales pipeline is very strong and continues to grow as the healthcare market looks for ways to streamline inefficient business processes to lower expense and improve patient care."
Mr. Patsy concluded, "For the first half of our fiscal year, we are approximately 4 percent ahead of our business plan for anticipated revenue growth, and over $1 million ahead of plan for operating profitability. We believe that we are on course to achieve continuing improved operating results in the final six months of the current fiscal year, and we continue to feel comfortable with our guidance regarding approximately 25 percent revenue growth for the entire year."
Institutional investor Oberweiss recently purchased 300,000 shares and paid almost $5 for their shares.
MORE ON LANV:
LANV is a healthcare information technology company focused on digitally streamlining healthcare by providing solutions that improve information flows to optimize costs and reduce patient-related errors . The Company's workflow and document management solutions bridge the gap between current, inefficient paper-based processes and transaction-based healthcare information systems by 1) electronically capturing document-centric information from disparate sources, 2) electronically directing that information through vital business processes, and 3) providing access to the information for authenticated users (such as physicians, nurses, administrative and financial personnel and payers) across the continuum of care.
LANV provides ASPeN, ASP-based remote hosting services to The University Hospital, a member of The Health Alliance of Greater Cincinnati, M. D. Anderson Cancer Center and Children's Medical Center of Columbus, Ohio among others. In addition, LanVision has installed its workflow and document management solutions at leading healthcare providers including Stanford Hospital and Clinics, the Albert Einstein Healthcare Network, Parkview Health System, ProMedica Health System, Inc., the University of Pittsburgh Medical Center, Medical University Hospital Authority of South Carolina, and Memorial Sloan-Kettering Cancer Center.
Do your DD