E,
InteliData has finally reached the inflection point of increasing revenues crossing the decreasing expenses line. The company is 'ruthlessly' focused on profitability, and will manage themselves accordingly.
Next week numbers will be given on their 'road show' that will project top line, and bottom line revenues going out to 2002, 2003, and maybe 2004. These are the metrics that fund managers and analysts have been asking for, and for the first time, INTD has a good enough grip on their business going forward to give them out with the confidence that they will be achieved. This company is as conservative as they come. When they put out a number, it is going to be an accurate number devoid of all hype. (Bill Gorog and Bill Seidman were both economic advisors to President Ford, and they are always very conservative in their projections.)
It has taken a long time for the company to say they are going to give out revenue projections to the street, but now that they have had an 18 month track record with some of their banks, they have a good read on what the numbers will look like. They know the penetration numbers, the revenue numbers, the cost of servicing numbers, etc., and now they can extrapolate. They will not be throwing darts at a board, their numbers will be as accurate as humanly possible.
The company has been leveraging its technology by licensing its software to the leaders in the financial services and EBPP industry on a 'per click' basis. As adoption rates of EBPP accelerate, INTD's revenues will grow without the need for INTD to hire any additional people.
Yesterday, Princeton eCom announced that their Intuit EBPP solution is up and running, and they have incorporated INTD's OFX server into their infrastructure. Princeton eCom is a major biller services provider, and will be an outstanding partner for INTD.
If you care to listen any further, there's a great interview of the CEO, Al Dominick on the INTD website in the 'Investor Relations' area. Click on "Overview," and Click on the WALLSTREETREPORTER.COM interview of Al Dominick at the top of the page.
intelidata.com
Good luck,
GM |
