Identix (IDNX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Identix (IDNX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: brad greene who wrote (15696)	11/26/1999 1:30:00 PM
From: Jaunatxo	of 26039

Valueline Special Situations Nov. 22 Report Cont. Analysis: " IDX reported fiscal first (September) quarter revenues of $17.5 million-significantly below our estimates and a 16% decrease year-over year. the shortfall was led by a 28% decrease in product sales as biometric imaging sales decreased when govt. orders for live-scan systems were delayed due to spending-authorization cycles. In addition, many state and local governments spent their budgets on other priorities such as upgrading communication networks. Service revenues also decreased as certain contracts were received late in the quarter. As revenues slumped,operating expenses continued to ramp up both year-over year and sequentially. As IDX spends heavily on further R&D and sales and marketing its operating margin dipped well into the red losing 16% of revenues vs. a profit of 3% of revenues a year ago. This excludes a non rec. charge of $885,000(0.03/sh) related to a write down of inventory and intangible assets. accordingly, the fiscal first-quarter bottom line was well below our was also well below our estimate. a share loss of $.11 did not meet our estimate of breaking even and compared unfavorably to earnings of $.02 a share a year ago. " cont.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next