Thursday, March 27, 2003 8:44:59 PM
ANZA started moving up today, jumped 76% from a 52 week low of 0.015! Here's why! The stock has maintained a share price of of 0.02 - 0.025 more than not. That being said, it's not really off it's bottom by that much!
From the latest 10Q
Revenues increased by $23,819,627, or 132.0%, to $41,869,875 for the nine months ended January 31, 2003, compared to $18,050,248 for the nine months ended January 31, 2002. The growth in revenues is primarily attributable to the expansion and growth of AMRES primarily through the brokering of loans. AMRES accounted for over 97% of consolidated revenues for both periods. AMRES, as did most of the mortgage industry, benefited greatly from the decline in interest rates over the last twelve months. Typically, as interest rates fall, the refinance market heats up expanding the market of interested borrowers beyond those borrowing for the purchase of their primary residence. AMRES benefited from this market upturn, as they had the capacity in terms of people and infrastructure to accommodate the additional business. Management believes that a significant increase in interest rates could slow the rapid growth the Company has experienced over the last two fiscal years.
More significantly, the growth of the branch networking program at AMRES was the major contributor to the growth in revenue. AMRES' branch program comprised approximately 407 branches as of January 31, 2003, compared to 93 branches as of January 31, 2002. For the nine months ended January 31, 2003, the total revenue associated with the Net branches was approximately $31.2 million, compared to total revenue associated with the Net branches of $12.0 million for the nine months ended January 31, 2002. The Net branch networking program is expected to continue to be a primary growth vehicle for Anza in the future. In addition, the mortgage banking division of AMRES is expected to continue its expansion over the next several months, including applying to FannieMae as a seller/servicer.
ANZA CAPITAL, INC.
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
CONTINUED
From the latest 10Q
Revenues increased by $23,819,627, or 132.0%, to $41,869,875 for the nine months ended January 31, 2003, compared to $18,050,248 for the nine months ended January 31, 2002. The growth in revenues is primarily attributable to the expansion and growth of AMRES primarily through the brokering of loans. AMRES accounted for over 97% of consolidated revenues for both periods. AMRES, as did most of the mortgage industry, benefited greatly from the decline in interest rates over the last twelve months. Typically, as interest rates fall, the refinance market heats up expanding the market of interested borrowers beyond those borrowing for the purchase of their primary residence. AMRES benefited from this market upturn, as they had the capacity in terms of people and infrastructure to accommodate the additional business. Management believes that a significant increase in interest rates could slow the rapid growth the Company has experienced over the last two fiscal years.
More significantly, the growth of the branch networking program at AMRES was the major contributor to the growth in revenue. AMRES' branch program comprised approximately 407 branches as of January 31, 2003, compared to 93 branches as of January 31, 2002. For the nine months ended January 31, 2003, the total revenue associated with the Net branches was approximately $31.2 million, compared to total revenue associated with the Net branches of $12.0 million for the nine months ended January 31, 2002. The Net branch networking program is expected to continue to be a primary growth vehicle for Anza in the future. In addition, the mortgage banking division of AMRES is expected to continue its expansion over the next several months, including applying to FannieMae as a seller/servicer.
ANZA CAPITAL, INC.
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
CONTINUED
2002 2001
Net increase in cash. 2,859,883 540,769
Cash at beginning of . 707,851 92,886
-------------- --------------
Cash at end of period. $ 3,567,734 $ 633,655
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