To see the 'Road Show' presentation, go to www.intelidata.com
click on Investor Relations
click on Overview
click on Road Show (near the top of the page)
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InteliData Discusses Financial Outlook
* Growth and Strength in Recurring Revenue Model Provides Revenue And Earnings Visibility
* Previous Guidance for 2001 and for Profitability in the Second Half Of 2002 is Maintained
* Financial Guidance is Provided for 2002 With Ranges for Revenues And Earnings Per Share Based on the Current Business Outlook
RESTON, Va., June 12 /PRNewswire/
-- InteliData Technologies Corp. (Nasdaq: INTD), a pioneer in electronic banking and bill payment technology, today discussed the Company's current financial outlook. The following forward-looking statements are based on current expectations and are subject to risks and uncertainties. Actual results may differ materially. For purposes of guidance:
* InteliData maintains previous guidance for 2001 revenues in the $18-$21 million range with expected cash operating loss per share in the (0.37) to $(0.53) range
* InteliData maintains that they expect to become profitable in the second half of 2002
* For purposes of guidance for 2002, InteliData anticipates revenue growth of 50-75% or approximately $28-37 million and loss per share in the $(0.14) to $(0.03) range.
* Assuming a revenue growth rate consistent with 2002, InteliData expects 2003 to be profitable.
Commenting on the Company's current business outlook, InteliData President and CEO, Al Dominick, said, "We are proud and pleased with the strength of the InteliData business model, and look forward to taking our story to the analyst and investment community beginning this week. A copy of the current presentation can be found at the Investor Relations portion of our web site at intelidata.com ."
About InteliData
InteliData provides Internet banking and Electronic Bill Payment and Presentment (EBPP) technology and services to banks, credit unions, and financial institution processors. InteliData's EBPP products offer banks and other financial institutions an end-to-end solution for creating e-bills for billers, distributing e-bills and e-payments through multiple delivery channels, delivering e-bills to consumers, and enabling payment of bills through multiple payment processors utilizing OFX and IFX messaging standards. InteliData's Internet banking products provide large financial institutions throughout the U.S. with proven scalability, flexibility and security in supplying real-time, Internet based banking services to their customers. For more information about InteliData, visit the company's Web site at intelidata.com .
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the ability of the Company to successfully assimilate and retain the employees of Home Account and integrate the products of Home Account with those of the Company, the risks of not realizing the cost savings anticipated by eliminating personnel and facilities, the Company's ability to retain customers and subscribers as a result of the acquisition of Home Account, the risk of anticipated revenues following the acquisition of Home Account not meeting the Company's expectations, the ability of the Company to complete product implementations in required time frames and the Company's ability to increase its recurring revenues and profits through its ASP business model, the impact of competitive products, pricing pressure, product demand and market acceptance risks, pace of consumer acceptance of home banking and reliance on the Company's bank clients to increase usage of Internet banking by their customers, mergers and acquisitions, risk of integration of the Company's technology by large software companies, the ability of financial institution customers to implement applications in the anticipated time frames or with the anticipated features, functionality or benefits, reliance on key strategic alliances and newly emerging technologies, the ability of the Company to leverage its Spectrum relationship into new business opportunities in the EBPP market, the on-going viability of the mainframe marketplace and demand for traditional mainframe products, the ability to attract and retain key employees, the availability of cash for long-term growth, product obsolescence, ability to reduce product costs, fluctuations in operating results, ability to continue funding operating losses, delays in development of highly complex products and other risks detailed from time to time in InteliData filings with the Securities and Exchange Commission. These risks could cause the Company's actual results for 2001 and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, InteliData. InteliData is not under any obligation (and expressly disclaims an obligation to) update or alter its forward-looking statements, whether as a result of new information or otherwise.
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SOURCE InteliData Technologies Corp.
CO: InteliData Technologies Corp.
ST: Virginia
IN: CPR FIN MLM TLS
SU: ERP
06/12/2001 09:13 EDT prnewswire.com |
